Reliance AGM 2023: Don’t Miss Top 10 Quotes As Jio Promises AI To Everyone

Reliance Industries Limited (RIL) has kicked off its highly anticipated 46th Annual General Meeting 2023 on Monday as MD and Chairman Mukesh Ambani opened the proceedings. Mukesh Ambani congratulated ISRO for 'Chandrayaan-3' and quoted Prime Minister Narendra Modi saying, "As our PM, Narendra Modi said, this is a new India full of self confidence. This India is unstoppable, tireless and does not gasp for breath. This India does not give up. Heartiest congratulations (to ISRO) for Chandrayaan." Meanwhile, Reliance Industries Ltd shares are currently trading in red at 2:37 pm on BSE. Current market price of RIL share is Rs 2462.25 apiece with intraday fall of 0.31%. Current market price of Jio Financial Services share is Rs 218.35 apiece with intraday gain of 2.87%

Below are top quotes from the 46th AGM of Reliance:

'India will rise as a leading nation in increasingly multi-polar world. India's transformation as a prosperous, strong and confident nation is a beacon of hope for world. This is reflected in India's G20 theme 'One Earth, One Family, One Future': Mukesh Ambani

"I am delighted to report yet another year of stellar all-round performance. Reliance's consolidated revenues stood at ₹9,74,864 cr. Reliance's EBITDA for FY23 was ₹1,53,920 cr, while the net profit was ₹73,670 cr": Mukesh Ambani

"RIL set new records in creating employment with addition of 2.6 lakh jobs across all businesses. The total number of our on-roll employees is ~3.9 lakh. The number of indirect livelihood opportunities we created is many times larger," said Mukesh Ambani at Reliance AGM 2023.

Per-user data consumption on Jio's network has surged, with the average user now consuming over 25 GB every month. This translates to monthly data traffic of 1100 cr GBs, representing a 45% year-on-year growth," said RIL chairman Mukesh Ambani.

"We began 5G rollout last October. In 9 months, Jio 5G is already present in over 96% of the census towns. And we are on track to cover entire country by Dec '23. This makes Jio 5G the fastest-ever 5G rollout anywhere in the world," asserted Mukesh Ambani.

Jio Chairman Akash Ambani announced Jio Smart Home services as it is poised to redefine how we experience and manage our homes. "Our extensive Jio Fiber service already serves 10+ mn customers, with thousands getting connected each month. With Jio AirFiber, we are expanding our addressable market to 200+ mn homes and other premises," said Jio Chairman Akash Ambani.

"FY23 has been a landmark year for our retail business. We have invested over $10 billion in the past two years, said Isha Ambani at the 46th AGM of RIL.

"We have built retail business on principle of 4 Cs - Collaboration, Consumer engagement, Creativity, and Care. We reached milestone of partnering >30 lakh merchants. We serve 98% of India's PIN codes," added Isha Ambani.

"We opened 3,300+ new stores last year, taking the total to 18,040, covering 6.56 cr sq.ft. Two-thirds of these stores are in Tier II, III and smaller towns, which is a testament to commitment of making retail inclusive," asserted Isha Ambani

Mukesh Ambani said Jio will lead India-specific AI solutions and commented, "A global AI revolution is reshaping the world around us. Jio Platforms wants to lead in developing India-specific AI models and AI-powered solutions across domains, thereby delivering benefit of AI to Indians, businesses and govt."

India has scale. India has data. India has talent. But we also need AI-ready digital infrastructure that can handle AI's immense computational demands. We stand committed to create up to 2000 MW of AI-ready computing capacity, added Mukesh Ambani.