Chairman of Reliance Industries Limited, Mukesh Ambani, at the Annual General Meeting of RIL today. today announced the launch of its digital services Reliance Jio Infocomm Limited (“Jio”) and said the Jio Welcome Offer will be effective from 5 September, 2016. As part of the Jio Welcome Offer, users will have access to unlimited LTE data and national voice, video and messaging services along with the full bouquet of Jio applications and content, free of cost up to 31 December 2016. The Company today filed its tariff plans with the Telecom Regulatory Authority of India (“TRAI”).
Mukesh Ambani emphasised the benefits of digitalisation and said in his speech that Jio is dedicated to realising the Prime Minister’s inspiring vision of “Digital India” for 1.2 billion Indians.
He also announced that domestic voice calls to any network across the country would be free for Jio subscribers even beyond the Jio Welcome Offer. Domestic roaming services would also not be charged separately. Average data prices would be around Rs. 50/ GB – which would be amongst the lowest in the world.
Jio is rolling out a state-of-the-art pan India digital services business. In addition to fixed and wireless broadband connectivity offering superior voice and data services on an all-IP network, Jio will also offer end-to-end solutions that address the entire value chain across various digital services in key domains such as education, healthcare, security, communication, financial services, government-citizen interfaces and entertainment.
Mukesh Ambani speaks about the five fundamental pillars of the Jio ecosystem
(i) The best quality broadband network with the highest capacity
(ii) A world of affordable, cutting-edge devices
(iii) Compelling applications and content
(iv) Superior digital service experiences
(v) Affordable and simple tariffs.
Mukesh Ambani said that the key brand values for Jio included affordable, high quality and abundant data; connected intelligence; smart, simple and secure services; and bringing people together.
He also announced that Reliance Retail Ltd has introduced a line-up of super-affordable 4G LTE smartphones under the LYF brand, starting at Rs. 2,999. More feature-rich models will be available at progressively higher price-points like Rs. 3999, Rs. 4999 and so on.
Jio announced the setting-up of the Jio Digital India Start-up Fund. Jio will work on creating Jio Digital Entrepreneurship Hubs in key cities and towns of India. The Jio Digital India Start-up Fund has set aside Rs. 5,000 crores to be invested over the next 5 years.