Google’s investment in Jio is a great sign for the Indian digital growth. Reliance Industries Limited (RIL) on Wednesday announced that its telecommunications arm, Jio is partnering with Google to develop an Android-based operating system that will feature in entry-level smartphones. This is a rare instance where two competitors Google and Facebook have co-invested. Jio has already brought massive growth to India’s digital explosion by expanding internet access all over.
With a partnership with Google to develop entry-level 5G-enabled smartphones, Jio is going to bring rapid digitization to the 350M feature phone users in India. This will significantly expand India’s digital economy once again, and boost up the Indian startup & venture ecosystem. Innovative startups will now have access to a customer base that was not online earlier and be able to bring in more efficient and effective solutions for customers.
Through this partnership, we can accelerate the national mission of putting a smart device in the hands of every Indian,” Ambani said.
Google recently announced that the company would invest $10 billion (roughly Rs. 75,000 crores) in India to accelerate the country’s digital economy while Jio has been a great supporter and enabler for the Indian startups by investing in early-stage startups . In the last 2 years, Jio has invested in startups across content, edtech, ecommerce, AR/VR & logistics.
Mr Mukesh Ambani & Sundar Pichai have indicated that India will be the tech hotbed of the world and that startups are going to be crucial in this journey. Further the partnership would enable more users in India to adopt affordable 4G smartphones.
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