Reliance Industries (RIL), India's largest company by market capitalisation, held its 44th annual general meeting (AGM) virtually on June 24, 2021. Addressing the shareholders, Reliance Chairman and Managing Director Mukesh Ambani announced new 5G partnership between Google Cloud and Jio.
Google CEO Sunder Pichai said that a new 5G partnership between Google Cloud and Jio will help more than a billion Indians connect to faster internet, support businesses in digital transformation and lay the foundation for the next phase of India’s digitization.
Track this LIVE blog for all the latest updates from Reliance AGM 2021
Pichai further said that as part of this collaboration, Reliance will shift its core retail businesses to Google Cloud's infrastructure.
"They will be able take advantage of Google's AI and machine learning, ecommerce, and demand forecasting offerings. Harnessing the reliability and performance of Google Cloud will enable these businesses to scale up as needed to respond to customer demand," Google CEO said.
Read: Mukesh Ambani launches JioPhone Next; Jio-Google tie up for 5G
JIO will use Google Cloud's cutting-edge technologies to power JIO's 5G Solutions and for powering the internal needs of key Reliance growth businesses like Reliance Retail, JioMart, JioSaavn and JioHealth.
In a statement, Reliance said that Jio will explore building new services across gaming, healthcare, education, and video entertainment sectors.
"These services will use Jio’s 5G network, software and Google Cloud’s innovations in AI/ML, data and analytics, and other cloud-native technologies—delivered by Jio and powered by Google Cloud," it said.
Speaking on Jio's accomplishment over the last year, Ambani said that Jio is today the world’s second-largest mobile data carrier handling over 630 crore GBs a month.
Also read: JioPhone Next launched as world's most affordable 4G smartphone
"This is 45 percent growth in data consumption in the last year alone – a testament to the rapid pace at which India is digitizing," he added.
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