It is that time of the year when annual reports are churned out by the companies. Recently, Reliance Industries Limited (RIL) came up with its annual report for FY13. In the report Mukesh Ambani, Chairman of RIL, stated that, “India has a unique opportunity to surpass the world and become a leader in delivery of digital content.” He also added that his upcoming telecom venture- Reliance Jio Infocomm Limited (RJIL) is planning to offer fast Internet connectivity on a pan-India basis. It will also offer end-to-end solutions that address the entire value chain across various digital services like education, healthcare, security, financial services, government-citizen interfaces and entertainment. It has to be noted that Reliance Jio Infocomm is planning to launch the country’s first high speed and data over fourth generation (4G) telecom networks in near future. It is signing agreements and partnering with various other companies for network and device benefits.
According to the current state of the company, RJIL is in pre-launch phase. It is focusing on finalizing key agreements with its technology partners, service and infrastructure providers, application partners, device manufacturers and other strategic partners. RJIL has got the in-depth analysis for a pan-India implementation of the infrastructure needed for the project. According to a speculation, RJIL has been formulated to provide broadband access to people that can truly transform lives of the consumers. It will give access to Internet, email, voice and video communications, news, social networking, games , education, health and fitness ,finance, travel, e-commerce, e-governance and homeland security services.
Apart from this, the report also says that RIL has listed four associate companies or joint ventures under Jio brand namely: Reliance Jio Private Limited, Reliance Jio Cloudworks Private Limited, Reliance Jio Electronics Private Limited and Reliance Jio Media Private Limited. It has 50 percent stake in all these companies and other half of the stake might be owned by RJIL. RIL is also planning to launch high speed broadband service in the country combined with a wireless mobility device. In this context, the report stated that the government is going to implement a new policy framework for “licensing, spectrum management and migration to digital addressable systems in broadcasting. The policy focuses on providing secure, reliable, affordable and high quality converged telecommunication services anytime, anywhere under one license for accelerated inclusive socio-economic development of the country.
It also focuses on further expansion plans of its retail arm- Reliance Retail by opening its stores in tier-2 cities. Talking about its core petrochemical business, Reliance owned KG-D6 basins located in Bay of Bengal, will see more investment to increase its efficiency in natural gas and oil production.