Reliance Industries will make an investment of Rs. 2.5 lakh crores in the digital sector. Apart from this, the company also announced of establishing a distribution network of 1.5 lakhs electronic retailers. These retailers will be selling cellphones, internet devices, etc. and will also provide other related services.
Devices are always sold by independent companies in India. Telecom companies have never sold devices except for simple CDMA phones and internet dongles. This is the first time that Reliance Industries is introducing this in the country.
Reliance Jio will follow the US-type model. This will let the company boost the usage of 4G devices and promote its own long-term evolution (LTE) services.
Investments by Reliance Industries
Reliance Industries will make the maximum investment under the name of its telecom arm, Reliance Jio Infocomm. The investment includes manufacturing of devices and setting up the infrastructure for wireless internet services. The huge investments will lead to an employment generation of around 5 lakhs.
The Chairman, Mukesh Ambani informed that Reliance Industries will make the investment and align its activities with central and state governments for smart cities development and digitization in governance, healthcare, rural services and education sectors.Reliance IndustriesRILReliance Industries Limited
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