Jio to be base for new commerce platform for RIL: Mukesh Ambani

Mumbai:reliance Industries Ltd’s (RIL’S) telecom unit will serve as the foundation on which the company’s new commerce platform consisting of businesses, including media and entertainment, education, agriculture, healthcare, will be built, chairman and managing director Mukesh Ambani said on Thursday.

Speaking to shareholders, Ambani said that the company will also create a hybrid onlineto-offline commerce platform by integrating and synergizing Reliance Retail’s physical marketplace with telecom unit Reliance Jio Infocomm Ltd’s digital infrastructure and services.

“With Jio, we have built a digital connectivity platform of unparalleled capacity and a nation-wide reach,” Ambani told RIL shareholders on Thursday adding, “This has enabled Reliance to strategically reinvent itself as a Technology Platform Company.” Reliance Jio has doubled its customer base to 215 million in the past year.

Ambani put rival telecom players on notice, when he announced that Rjio’s much awaited FTTH (fiber to the home) broadband services—jio Gigafiber—will be rolled out in 1,100 cities simultaneously.

The registration for Jio Gigafiber will begin from August 15 and will come with a set top box for TV with voice enabled command feature. Besides, it will have a TV calling feature.