Reliance Jio 43rd AGM: Why is it important

Reliance Industries Limited or RIL has already announced its 43rd Annual General Meeting (AGM) for July 15. And while we have told you what to expect from the event, in this one we’ll tell you why is it important. If you have been following the RIL AGM since past couple if years, it shouldn’t come as a surprise that the announcements made by the firm at its AGM also includes the unveiling of certain services, apps or hardware products. This is not something that just effects the firm and its shareholders but also effects the masses and reveals the direction in which the company is moving towards.

At this year’s AGM, the company could talk more about its recent investment spree and how was this made possible. It may also talk about different segment where the effect of this deal might be visible in future.

Also read: RIL AGM 2020: Jio Fiber trajectory could grab the spotlight

Also, worth mentioning is that Reliance already has a massive crowd on its Jio connectivity and apps, and introducing new plans or a new hardware with certain Jio-specific offers will impact those millions of users. It’s broadband fiber service comes bundled with a 4K set-top-box, console gaming, video calling, AR and VR support. So, announcing new plans and features on that front will also impact all those who are a part of the service. Not to forget, Jio has been delivering this at aggressive prices, beating Airtel and Vodafone plans – something that helps it rope in more customers.

Last year, the highlight of the 42nd AGM was the announcement of Jio Fiber service. Reliance also announced it will create the “world’s largest blockchain network”. It plans to use blockchain technology across industries and to off users data privacy. It added that it is setting up a pan-India edge computing network.

But that’s not all, Jio also makes announces that won’t effect the end users directly but helps it expand its business more. For instance, Reliance Jio and Microsoft last year announced their partnership to accelerate digital transformation in India. The company said it will set up data centers across India with Microsoft powering them with its Azure services.