Mukesh Ambani invites Indian startups to team up with Reliance Jio

RIL AGM 2020: Mukesh Ambani said that there is no better partner for Indian start-ups than Jio.

Reliance bets big on Indian startups (Bloomberg)

Mukesh Ambani, RIL Chairman and Managing Director, at the company's annual general meeting appealed to the startup community to form partnerships with Jio.

In his speech at the 43rd AGM, Ambani said that over 20 startup partners have helped Reliance Jio build world-class capabilities in several cutting-edge technologies. These include cloud computing, devices, and operating systems, virtual and mixed reality, blockchain, and neural language understanding, among others.        

Ambani also stressed the need for creating Intellectual Property in the country. He said the company will work more aggressively to attract Indian talent. 

“I believe that there is no better partner for Indian start-ups than JIO. We are well-positioned to help Indian start-ups in a number of ways…Whether it be in technology development… product development… distribution… market access… or even scale-up capital…We are ready to integrate them into our roadmap and to help them reach their full potential,” he added.

“Reliance will work with other Indian companies, including start-ups, to vigorously promote “Made-in-India”, “Made-for-India” and “Made-for-the-World” products,” he added.

This is not the first time Reliance has focused on India's booming start-up community. Last year at its AGM, Ambani had announced several initiatives keeping the startups in mind. 

One of the initiatives included free cloud services to startups through a partnership with Microsoft (Azure). The company also announced a scheme under which startups can avail “custom design packages” to help accelerate cloud and digital adoption.