Reliance Jio has announced that the Tech-lead Google has invested INR 33,737 crores in the Jio network. Now the Google is 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 user interface will run on Android and will 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 company will invest INR 75,000 crores into India’s digital economy over the span of the next five to seven years from the day of declaration.
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Sundar Pichai, CEO Google, once said, “Our investment of $4.5 billion in Jio is the first and the biggest investment we will make through this fund. I am excited that our joint collaboration will focus on increasing access for hundreds of 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 having and handling a smartphone to have one for them at reasonably economical cost. The focus is to make everyone access the internet and encourage digital payments. Mukesh Ambani, Reliance Chairman, MD, in his speech, the company is working out in upgrading a total of 350 million featured JIO phone users to affordable 4G/5G handsets. The collaboration with Google aims to speed up the process of letting the users switch from 2G to 4G/5G.
Disruption in the Smartphone Market
Rushabh Doshi, a tech researched at Canalys quoted, “If history is anything to go by, Reliance will undercut other brands and pose a real threat to the low-end smartphone market”. Reliance Jio already pushed aside the 2G handset after launching JioPhone and JioPhone2.
Chinese smartphone market shareholders like Xiaomi, Realme, Oppo, Oneplus, and Vivo are highly vulnerable to losing out many potential customers due to this upcoming smartphone. Chances are high that the Chinese mobile manufacturing companies may revise and lower down the prices of their products in upcoming days.
Reliance Jio has collaborated with Qualcomm for achieving the same objective which gives a nerve grabbing thought that the company is damn serious about bringing new smartphones in India. The company has still not revealed anything about the upcoming smartphone but surely it will have Jio app pre-installed like Jio Saavn, Jio Cinema, and many more.
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