Reliance Industries to become net carbon free by 2035, says chief Mukesh Ambani

This is the company's first online AGM where shareholders can participate virtually using the company's recently launched video conferencing service JioMeet.

Ambani also announced Reliance Industries’ aim to become net-carbon-free by 2035.

In 43rd Annual General Meeting, Mukesh Ambani announced a Jio-Google partnership, Jio Glass, new android operating system.

Ambani also announced Reliance Jio’s plans to design a new entry-level 4G or even a 5G smartphone for a fraction of its current cost. Google will help Jio on the software side by developing a new Android-based smartphone operating system.

“As we end our current cycle of capital raising, we are delighted to welcome another strategic partner into Jio — Google. Today we have signed a binding partnership and investment agreement with Google under which Google will invest Rs 33,737 core for a 7.7% stake into Jio Platforms,” said Ambani.

“Our investment of $4.5 billion in Jio is the first and the biggest investment we will make through this quarter,” said Google CEO Sundar Pichai during the AGM.

In the next three years, I can see a strong path for Jio to connect over half a billion mobile customers, over a billion smart sensors, and over 50 million homes and business establishments,” said Ambani.

“Jio Healthcare relies on three main pillars — 4G and JioFiber network, JioMeets, and JioHealth Hub platform which provides end-to-end healthcare services,” explained Mukesh Ambani’s daughter, Isha Ambani.