Reliance Jio has announced that the Tech-lead Google has invested INR 33,737 crores within the Jio network. Now the Google is that the shareholder of Jio 7.73% of shares. Both Jio and Google will collaboratively develop the entry-level 4G and 5G smartphones for the Indian market whose interface will run on Android and can be easily available on Google play store.
Reliance Jio and Google Partnership
Jio platform today has been a collaborative effort with earlier Facebook investing INR 43,574 crores for 9.99% of shares and now the Google. Google aims to invest in the Jio platform for not only the development of Reliance Jio 4G phones in India or the Reliance Jio 5G Phones in India but also to proliferate and nurture India’s digital economy.
Earlier, Google announced the ‘Google for India Digitalization Fund’ where the corporate will invest INR 75,000 crores into India’s digital economy over the span of subsequent five to seven years from the day of declaration.
Sundar Pichai, CEO Google, once said, “Our investment of $4.5 billion in Jio is the first and the biggest investment we are going to make through this fund. I am excited that our joint collaboration will concentrate on increasing access for many millions of Indians who don’t currently own a smartphone while improving the mobile experience for all.”
Google is working on letting everyone in Indian with or without the past experience of getting and handling a smartphone to own one for them at reasonably economical cost. the main focus is to make everyone access the web and encourage digital payments. Mukesh Ambani, Reliance Chairman, MD, in his speech, the corporate is working move into upgrading a total of 350 million featured JIO phone users to affordable 4G/5G handsets. The collaboration with Google aims to speed up the method of letting the users switch from 2G to 4G/5G.
Disruption within the Smartphone Market
Rushabh Doshi, a tech researched at Canalys quoted, “If history is anything to travel by, Reliance will undercut other brands and pose a real threat to the low-end smartphone market”. Reliance Jio already disregarded the 2G handset after launching JioPhone and JioPhone2.
Chinese smartphone market shareholders like Xiaomi, Realme, Oppo, Oneplus, and Vivo are highly at risk of losing out many potential customers because of this upcoming smartphone. likelihood is high that the Chinese mobile manufacturing companies may revise and lower down the costs of their products in upcoming days.
Reliance Jio has collaborated with Qualcomm for achieving an equivalent objective which provides a nerve grabbing thought that the corporate is damn serious about bringing new smartphones in India. the corporate has still not revealed anything about the upcoming smartphone but surely it’ll have Jio app pre-installed like Jio Saavn, Jio Cinema, and plenty of more.
It will be a very jaw-dropping launch whenever the corporate will bring its resultant smartphone in the market. it’ll be very exciting to visualize how successful the collaboration will go and at what reasonable prices, offers, and features will Reliance Jio 4G/5G Phones be available in India.