The oil to telecom sector has fascinated one more time after unveiling its plans for coming years and these plans are full of strategic alliances and new trajectory investment in future themes. 44th Annual General Meeting of Reliance has cleared that the giant conglomerate is stepping further on its path to capture the Indian market in a revolutionary way. From strategic alliances with Google and Facebook to investment plans in most discussed future theme, Reliance Industries seems to tease at the plans of other market leaders. Managing to fetch a chunk of funds from various tech and strategic investors last year had revealed the large teeth of Reliance Industries but unveiling of the execution process will swallow other players operating in similar industry.
Here are some major highlights of the plans and how their new projects will be placed in the Indian markets:
Giant oil corporate Saudi Armaco could join the RIL board this year
Long awaited alliance is expected to happen this year. In 2019, the Reliance has announced a stake sale of 20% with a valuation of or $15 billion in its oil & chemical arm to Saudi Armaco but things didn’t get platform. While, the deal will be formalized this year and Yasir Othman Al-Rumayyan will join the RIL’s board as an independent director. The complex oil to chemical business of Reliance has no dependency upon raw-materials from global countries. Their output of polyester and polymer has strong footprints in the Indian market. Rising oil prices have hurt their financials but infusion of abundant liquidity will help in expanding their omni-channel retail. The chemistry behind their refineries and petro-chemicals will find a big push due to availability of huge capital to spend. The amount will also be used n setting up gigafactories.
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A budget phone by Google and Reliance will be available from September
With the name of ‘JioPhone Next’ a budget friendly smartphone will be available to sell in the Indian markets from Sep 10 to upgrade 2G and 3G service users. The inculcation of technical know-how from tech giant Google along with the Indian familiarity will bring a revolution for the users. The smartphone has reached in the Tier-1 and Tier-2 cities while the Tier-3 city residents who occupy a major portion of untapped potential of the Indian economy are unaware with its power. The availability of smartphones in the palms of Tier-3 city residents will connect them with the digital environment ongoing in the Indian economy. This will augment the requirements of ‘Digital India’.
Collaboration with Google cloud for solutions on 5G services
Roll out of 5G solutions would be the biggest achievement in this telecom of this decade. Indian telecom companies are aggressively doing their 5G trials to introduce it in Indian market. Rising WFH facilities and execution of abundant operations have increased the requirements of 5G communication. Lower latency in execution process, higher number of connected devices and rise in technological changes will demands 5G rollout early and announcement from Jio office is expected to bring it soon.
Integration of JioMart and Whatsapp for which trials are ongoing by Facebook
The JioMart platform by Reliance to facilitate his retail chain has received tremendous response from the households. Availability of wide variety of products, quick home deliver and exciting offers has pushed buyers for excessive buying from JioMart platforms. An integration of JioMart along with Whatsapp after applying the technical skills of Facebook is expected to do wonders for the buyers. No one could imagine what kind of technology we are going to meet with but one thing is for sure that effortless experience and convenient buying will be the resultant of the integration.
Reliance Retail will be one of the top 10 retail chains in the world
Shares of Reliance Retail have run with madness in the unlisted arena from last two years. From FMCG-apparels-to-FMEG, Reliance retail chain has abundant products to fulfill the requirement of Indian families. The availability of wide variety is able to cater the needs of almost every class of households. As per the statements from board, the company is expected to bring more than 1 crore vendors that will make it 3 times bigger. The retail chain will create 10 lakh jobs in coming three years.
The dragon is entering into most promising sector of this decade
India’s leading conglomerates Tata and Adani group have cleared their intentions of entering into renewable and clean energy business a few years before. The renewable business demands heavy investment in plants and land bank initially but brings prosperity in operations. The renewable energy doesn’t produce greenhouse gas emissions that reduce air pollution. This will reduce dependence upon oil fuels. Moreover the renewable energy sources will comply with the Environmental, Social and Corporate Governance (ESG) compliance of the government. On the 44th AGM of Reliance, the company has announced an investment of Rs. 75,000 crores in renewable and clear energy business in next three years to become a carbon zero company by 2035. The company will also build solar capacities of at least 100 gigawatts (GW) by 2030 and 4 giga-factories at Jamnagar to produce solar cells and modules, fuel cells, energy storage batteries and green hydrogen.
The announcements from the Reliance board are very much fascinating for the investors. Plans unveiled in the 44th AGM will have an all-round development of the conglomerate. This will improve the financials of the firm and help him to comply with the ESG requirements. It is worth-mentioning that investors should wait for some time to observe the execution process of the plans unveiled. No doubt the announcements are very much lucrative for the investors but the execution process will be worth watching.
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One Reply to “Reliance unveiled their future plans in its 44th AGM! How will they bring revolution in Indian economy?”
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