Reliance-Sibur JV Plans to Set up South Asia’s first Halogenated Butyl Rubber Unit at Jamnagar

January 18, 2017

Reliance Industries Limited (RIL) and Russian petrochemical giant SIBUR signed an MoU at the recently-concluded Vibrant Gujarat Summit at Gandhinagar to set up South Asia’s first butyl rubber halogenation unit at RIL’s integrated petrochemical site in Jamnagar, Gujarat.

The unit will produce 60,000 MT of halogenated butyl rubber every year under Reliance Sibur Elastomers Private Limited (RSEPL) – a joint venture (JV) of which RIL owns 74.9%, and SIBUR 25.1%.

Apart from the planned halogenation unit, the JV owns a 1,20,000 MT per annum butyl rubber plant, currently under construction at the same venue which will provide the necessary butyl rubber feed to the halogenation unit.

Commenting on the halogenated butyl rubber unit, Mr Nikhil Meswani, Executive Director, RIL, said, “RSEPL’s halogenated butyl rubber plant will be well-poised to capitalise on the significant surge in regional demand in tyre and pharmaceutical industries. India is expected to see a quantum jump in tyre production, with Indian and International tyre majors gearing up to make capital investments of Rs. 15,000 crore. The halogenated butyl rubber demand is expected to grow at a rapid pace of 8- 10% CAGR over the next few years, driven by increasing customer preference for tubeless tyres in India and neighbouring countries, and significant investments in the manufacture of pharmaceutical closures and tank inner liners.”

“India offers attractive investment opportunities given the growing local demand for synthetic rubbers and Gujarat’s favourable investment environment coupled with the well-developed infrastructure and raw material availability at a world-class Industrial site owned by RIL. SIBUR has a long track record of successful cooperation with RIL and Gujarat’s government, which has provided us with a solid basis for expanding our footprint in India,” said Mr. Dmitry Konov, Chairman of SIBUR’s Management Board.   Halogenated butyl rubber is a key ingredient for manufacturing inner liner of tubeless tyre. With the Indian automobile trend aligning with global trends, penetration of tubeless tyres is expected to accelerate in the Indian market, resulting in an increased demand of halogenated butyl rubber. The ingredient is also used in the manufacture of pharma stoppers, inner liner of storage tanks, etc.   Construction of the butyl rubber plant is in full swing at Jamnagar, its commissioning targeted for 2018.

Production from RSEPL will substitute imports and reduce outflow of valuable foreign exchange from India, providing impetus to the government’s Make in India initiative.

RSEPL is a joint venture formed between Reliance Industries and SIBUR in February 2012 to produce 1,20,000 tonnes of butyl rubber per year at RIL’s integrated petrochemical site in Jamnagar, India. RIL owns 74.9% stakes, and SIBUR 25.1% in the joint venture.

About Reliance Industries Limited (RIL): 

Reliance Industries Limited (RIL) is India’s largest private sector company, with a consolidated turnover of INR 296,091 crore ($44.7 billion), cash profit of INR 40,737 crore ($6.1 billion), and net profit of INR 27,630 crore ($4.2 billion) for the year ended March 31, 2016.

Mukesh Ambani led RIL is the first private sector company from India to feature in Fortune’s Global 500 list of ‘World’s Largest Corporations’ – currently ranking 215th in terms of revenues, and 126th in terms of profits. RIL ranks 238th in the Financial Times’ FT Global 500 list (2015) of world’s largest companies. RIL ranks 121st on the Forbes Global 2000 list (2016), continuing to be the top-ranked Indian company. RIL’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

About SIBUR:  

SIBUR is a uniquely positioned vertically integrated gas processing and petrochemicals company. It owns and operates Russia’s largest gas processing business in terms of associated petroleum gas processing volumes, and is a leader in the Russian petrochemicals industry.

SIBUR operates 26 production sites located all over Russia, serving over 1,400 large customers engaged in the energy, chemical, fast moving consumer goods (FMCG), automotive, construction and other industries in approximately 75 countries worldwide, and employs over 27,000 personnel.

Summary:

Reliance Industries and SIBUR have planned to set up South Asia’s first halogenated butyl rubber unit at Jamnagar.

Third Quarter Standalone Net Profit of RIL Increases by 10%

January 17, 2017

The standalone net profit for Reliance Industries Limited (RIL) for the quarter that ended in December 2016 has seen an increase by 10%. This has been attributed to the company’s impressive performance in the refinery sector. Owing to this RIL’s standalone net profit for the third quarter went up to Rs. 8,022 crores.

RIL’s gross refining margin

The company recorded an impressive performance mainly because of its gross refining margin, which is what remains after deducting the value of petroleum products and crude oil price from a refinery. Reliance Industries Limited surpassed market expectations by recording a gross refining margin of $10.8 per barrel.

After the net profit was announced, Managing Director and Chairman of Reliance Industries Limited, Mukesh Ambani stated that a lot of credit goes to the well-planned strategies of the company. According to him, the company lays special emphasis on the operations and holds a strong portfolio, which enables it to work towards the best interests of the country. Mukesh Ambani believes that although the market is competitive, these factors have helped the company stand apart from competitors.

RIL’s growth

Mukesh Ambani also stated that the demand for transportation fuels across the globe has led to the refining sector making considerable progress with regard to the gross refining margin in eight consecutive quarters. In the same statement, he spoke about the company’s commissioning of the Paraxylene plant’s first phase.  According to him, the Paraxylene project has helped the company strengthen the operations of its refining and petrochemicals business. He added that Reliance Industries Limited’s strategy for development is based on providing sustainable returns to the company’s shareholders through high-return projects, which are capable of facilitating growth.

Net profit and revenue garnered

Reliance Industries Limited’s standalone revenue for the third quarter increased to Rs. 66,606 crore, which is a rise by 9%. The company also achieved a better turnover than the previous year by garnering Rs. 84,189 crore. This is seen as a rise by 16.1% compared to last year. Additionally, RIL’s cumulative net profit also went up by 3.6% than the previous year for the quarter which ended in December 2016.

The results regarding the net profit were revealed after the Indian equity markets closed. RIL’s telecom arm, Jio has also emerged as a leading operator in the market with its 4G services. To support the growing subscriber base, Jio will be investing an additional Rs. 30,000 crore to improve the network’s coverage and reach across the country. The finance for the same will be provided mainly through an equity funding by a rights issue.

Summary

The standalone net profit of Reliance Industries Limited increased by 10% in the third quarter. The company also announced that Jio is among the operators having the widest 4G network in the country.

Jio Plans to Extend its Network Capacity with an Investment Worth Rs. 30,000 Crore

January 16, 2017

Mukesh Ambani led Reliance Jio has made it to the list of India’s top telecom operators within a few months of its launch. It has not only delivered quality services but also managed to surpass industry standards with its massive subscriber base. The operator intends to keep up its performance by improving its network capacity and expanding coverage. For this, Reliance Jio will be investing a whopping Rs. 30,000 crore. This new investment will make the total investment towards Jio Rs. 1.9 lakh crore.

Investment to develop infrastructure

In a rights issue notice that Jio announced for its existing shareholders, the telecom operator stated that since Jio received a highly positive response to its 4G services it would be beneficial to invest further towards the development of the brand. According to the company, the large-scale demand for 4G services in India is also one of the main reasons to improve Jio’s infrastructure through investments.  Jio added that the finance for the same will be acquired through an equity offering to strengthen the company’s balance sheet. As per the notice, Jio’s board of directors will be making a rights issue worth Rs. 6 billion.

Jio’s subscriber base to increase – JP Morgan

According to an analysis by JP Morgan, Jio will witness steady development in the upcoming months, with its subscriber base set to increase towards the end of FY17. The brand launched its services with the welcome offer that provided customers with unlimited data and app services for three months. This managed to help Jio draw a large number of users to its network. After this promotional deal expired in December 2016, the telecom operator introduced the Jio Happy New Year Offer, which allows users to continue enjoying the free data services and premium applications until 31st March 2017. The company aims to expand its reach and garner close to 100 million customers by the time the Jio Happy New Year Offer ends. The telecom operator has already secured 72.4 million users and as per JP Morgan, the brand is not far from attaining its 100-million target.

Jio’s services

After the free offer ends, customers may opt for any of Jio’s affordable data plans. Customers could select monthly plans like the Rs. 149 package or the Rs. 499 package. Depending on budget preferences, users are free to choose from different plans. The report by JP Morgan revealed that Jio’s free data offerings and affordable tariff plans have led incumbent operators to reduce their data prices as well. The report by JP Morgan stated that Jio’s future growth is also dependent on the number of users who decide to become paid subscribers even after the free offer ends. A recent survey conducted by Bank of America Merrill Lynch revealed that around 85% users will most likely continue as paid customers on the Jio network.

Summary

Reliance Jio will invest an additional Rs. 30,000 crore towards expansion of its network infrastructure.

Jio Users can Opt for Booster Pack after Crossing 1 GB Limit on Free Offer

January 9, 2017

The welcome offer by Mukesh Ambani led Reliance Jio expired on 31st December 2016. Thereafter, the telecom operator introduced the Jio Happy New Year Offer. This offer is valid until the end of March 2017. Jio customers can enjoy free data services a range of premium Jio applications under this offer. Additionally, users have the added benefit of enjoying free voice calling facilities for a lifetime.

About Jio’s booster pack

The Jio Happy New Year Offer has a data limit of 1 GB per day. However, users can avail of either of the two booster packs under the MyJio app. This will give users the flexibility of opting for a data pack once they have exhausted the 1 GB data limit on the promotional offer. Users who choose the Rs. 51 data pack will receive 1 GB of extra data per day. Those who pick the Rs. 301 plan will get 6 GB of data, which will be valid for 28 days. In addition to data services in India, Jio has introduced international call services for customers. The ISD combo pack offered by Jio costs Rs. 501, where customers receive the balance of Rs. 435 to make ISD calls. The validity of this pack is 28 days. In terms of messaging services, Jio users can send 100 free text messages each day.  Once this limit is reached, customers can opt for a Rs. 20 recharge, which will grant them a balance of Rs. 175 for sending domestic as well as international messages. For messages sent within India, users will be charged 85p per message. On messaging international contacts, customers will be charged Rs. 5 per message.

Choosing a plan from the booster pack

Users who wish to avail of this pack must download the MyJio application. Thereafter, they should log in through their Jio ID. Once this procedure is complete, they may open the MyJio tab and click on the Recharge option. Under the Browse Plans section, users can view the Booster tab, which will enable them to select a plan of their choice. Payment for the recharge may be made through either JioMoney or any other banking mode.

A survey conducted by Bank of America Merrill Lynch revealed that more than 85% of existing Jio customers will retain their connection post the expiration of the Jio Happy New Year Offer. The company commissioned SurveyMonkey to record the responses of more than 1,000 users through an online survey. According to the survey, users opted for Jio, mainly because of its superior Internet speeds. Some respondents also stated that they were motivated to choose Jio because of its free content. A significant percentage of users are ready to opt for the 4 GB data pack, priced between Rs. 400 and Rs. 500. About 12% of users revealed that they would most likely choose larger data packs even if they had to spend a little extra for the same. Another major finding stated that more than 72% of Jio users were satisfied with the quality of the voice calling services.

Summary

Mukesh Ambani led Reliance Jio introduces booster pack for users who wish to avail of extra data after reaching the 1 GB limit on the free offer.

Everything that Customers Need to Know about the Jio Happy New Year Offer

January 2, 2017

The telecom arm of Mukesh Ambani led Reliance Industries Limited (RIL), Reliance Jio, is one of the leading operators in India. Only a short while after the launch of its high-speed 4G services in September 2016, the brand achieved widespread success by garnering a large user base. The welcome offer introduced by Jio managed to give users across the country an opportunity to experience high-speed 4G services for free. This offer spanned across a period of three months, with 31st December 2016 being the last day of its validity.

Services available under the new offer

However, Jio intends to give customers access to free data and a range of applications for a longer period of time, which is why it launched the Jio Happy New Year Offer. Chairman and Managing Director of Reliance Industries Limited (RIL), Mukesh Ambani, announced that this offer will be valid until March 31st, 2017. As per the offer, users will be able to enjoy services like messaging, video calling, voice calling, apps, and other data facilities for free. There is only one significant change in this offer. While the earlier welcome offer had a Fair Use Policy (FUP) limit of 4 GB, the new offer has the limit of 1 GB. This move was taken to reduce network congestion and improve the digital experience for all Jio users. So now, after users reach the limit of 1 GB, their speeds will reduce to 128 Kbps. However, if individuals wish to use more data than the set limit, they can avail of 1 GB data per day with a data recharge of Rs. 51. Additionally, users can opt for the 6 GB plan that costs Rs. 301, with a validity of 28 days.

Benefits to customers

Mukesh Ambani announced that all existing Jio customers, as well as those who apply for new Jio SIM cards, will be able to enjoy the benefits of the Jio Happy New Year Offer.

Mukesh Ambani also spoke about his dreams for a digitally-enabled India at an event. He spoke about the brand’s success in terms of garnering users. Mukesh Ambani also made references to incumbent operators’ uncooperative behavior. According to him, Jio’s new offer also adheres to all the rules set by the Telecom Regulatory Authority of India (TRAI).

Besides the Jio Happy New Year Offer, customers will also be able to derive long-term benefits since Jio has made voice calling and messaging services free for a lifetime. Apart from efficient data services, Reliance Jio also offers portable Wi-Fi devices and LYF smart phones. The company is also gearing up to launch its own range of feature phones. These devices will be 4G-LTE compatible and affordable, which will help Jio reach out to customers in the rural market.

Summary

Jio Happy New Year Offer will allow individuals to avail of free data and app services even after expiration of the older welcome offer.

First Phase of Paraxylene Plant at Jamnagar Commissioned by Reliance Industries Limited

December 30, 2016

Reliance Industries Limited (RIL) is one of the country’s largest private conglomerates. It is also a leading company in the oil manufacturing business. On 28th December 2016, RIL announced the Paraxylene (PX) plant’s commissioning in Jamnagar. The plant’s first phase has been commissioned.

Paraxylene plant, Jamnagar

The plant has an annual capacity of 2.2 million tons of PX. World-class crystallization technology from BP has been used to build it. The plant has been created using this technology, which adheres to environment standards and has high energy efficiency. A statement released by Reliance Industries Limited stated that the plant’s commissioning is expected to increase the PX capacity of RIL to 4.2 million tons from the current 2.0 million tons. Additionally, once the whole PX capacity is commissioned, Reliance Industries Limited will emerge as the second largest PX producer in the world. The company will have a share of 11% in global production and 9% in global PX capacity. The increased PX capacity is expected to contribute largely to the refineries’ output, besides helping the Jamnagar complex garner profits.

Since PX is one of the major factors essential for the development of the entire polyester chain, the improved capacity will facilitate growth in RIL’s polyester value chain. This will offer Reliance better margins and also help the company gain global recognition in the polyester industry.

Increased capacity to help garner profits

Chairman and Managing Director of Reliance Industries Limited, Mukesh Ambani stated that the PX plant’s commissioning will be followed by a range of other projects. These will include petcoke gasification, refinery off-gas cracker, and ethane import project. He added that the PX commissioning will mark the beginning of this series of projects. According to Mukesh Ambani, the projects in petrochemicals and refining by RIL fall under the largest contemporary investment segment in the world. Cumulatively, they are worth more than Rs. 100,000 crore.

Mukesh Ambani concluded by stating that all the projects are undergoing developments consistently. He also added that they are on the verge of mechanical completion. According to him, the improved capacity of RIL’s PX plant will help the company come closer to its goal of ranking as one of the leading petrochemical businesses in the world.

Reliance Industries Limited is also basking in the success of its telecom arm, Reliance Jio. Reliance Jio, which launched its high-speed 4G services a few months ago, has become a favorite with customers. Apart from the efficiency of the network services, one of the other factors responsible for its success has been their affordability. Reliance Jio created a large impact in the market when it launched its welcome offer. This offer provides users with free data services until the end of December. Thereafter, the company launched the Jio Happy New Year Offer. This is considered to be an extension of the earlier offer and will be valid till the 31st of March 2017.

Summary

Paraxylene plant’s first phase has been commissioned by Reliance Industries Limited.

Jio’s Subscriber Base to Surpass 100 Million by March 2017 as per Fitch Ratings

December 26, 2016

The wave of technology has impacted India like never before, mainly because of 4G. Although 4G services were available, they were mainly accessible to only a few because of the high cost. However, Mukesh Ambani led Reliance Jio set an example by becoming one of the first network carriers to offer the high-speed 4G services to millions across the country at affordable rates.

Jio’s expanding user base

The telecom operator received a major boost to its subscriber base when it launched the welcome offer that allowed customers to access free data and app services for three months. Although this initial offer will now come to an end, the free data and app services will be continued in the recently devised Jio Happy New Year Offer. As per this offer, customers can enjoy free data and app benefits till the end of March 2017.

Nitin Soni’s views on Jio’s performance

With respect to Jio’s growing customer base, The Director of Fitch Ratings, Nitin Soni stated that the telecom operator’s marketing strategy has been effective in helping it garner a subscriber base crossing 52 million. In the interview given to BTVi, Soni explained that through the Jio happy New Year Offer, Jio may even manage to secure 100 million subscribers towards the end of March. Ever since Jio’s launch, it has been rapidly drawing customers through its smart promotional offers. Nitin Soni also added that post the free offers, customers may most likely opt for Jio because of its affordable tariff rates. He said that since Jio is expected to have data plans, which are more attractive than those offered by incumbent operators, there is a high chance that customers will choose it over other carrier networks. He further stated that if Jio goes on to launch other offers in the future, incumbent operators may have to revise their tariff rates so that they do not lose out on their existing customers.

Competition most likely to result in consolidation

Nitin Soni also revealed his opinions on consolidation of telecom companies. According to him, Jio’s foray has created a lot of competition because of which there could be consolidation between telecom companies in the future. This could most likely happen if weaker operators are looking to strengthen their position in the industry. He believes that weaker companies could resort to merger and acquisition (M&A) activities to avert the negative impact that the entry of new telecom operators could have on them. He made a reference to one of the telecom operators in India stating that since it did not have pan-India spectrum coverage, it would benefit by implementing M&A activities.

He concluded by stating that data tariff rates are most likely to drop by 15 to 20 percent because of Jio’s entry into the market. According to him, the affordable services of Jio have created intense competition in the industry.

The telecom operator’s future plans include launching a range of 4G-compatible feature phones to target a wider range of audience. This move is expected to help it increase its customer base further.

Summary

Reliance Jio is expected to garner around 100 million customers by the end of March 2017, according to the Director of Fitch Ratings, Nitin Soni.

Reliance Jio’s Affordable Range of LYF Smart Phones

December 20, 2016

Affordable data services, free voice calls, and Wi-Fi devices; these are some of the varied offerings by Reliance Jio. The company also launched its range of 4G-enabled smart phones. These smart phones are offered to customers with a complimentary Jio SIM card. Individuals using the Jio SIM cards can enjoy free unlimited data, voice, and app services, which are part of Jio’s Welcome Offer.

Affordable smart phones

Mukesh Ambani led Reliance Jio has broken the price barrier by introducing superior 4G-LTE devices under the brand LYF at affordable prices. Some of the most economical devices are available at only Rs. 2,999. Moreover, the Jio network has also received a positive response in speed tests, with consistent results. One such test recorded speeds of up to 22 Mbps. These results are proven to be better than the speeds offered by other telecom operators.

Specifications of LYF handsets

Some of the most affordable devices offered by Jio include the LYF FLAME 6, FLAME 8, and WIND 3. The LYF FLAME 6 is available at a price of Rs. 3,999. It has a 4-inch display that is protected by Asahi Dragontrail Glass. The device has an internal storage capacity of 4 GB. Additionally, it has 2-megapixel front and rear cameras. Connectivity options offered by the device include Bluetooth 4.0, 4G, CPS, LTE, and Wi-Fi.

The LYF FLAME 8 is priced at Rs. 4,199. Those buying the device can look forward to features like an 8 GB internal storage, 1 GB RAM, a 5-megapixel front camera, and an 8-megapixel rear camera. The device functions on Android version Lollipop.

The LYF WIND 3 costs Rs. 6,999. It comes with a large 5.5-inch display, which is resistant to scratches or dust because of the Asahi Glass protection. It has 16 GB internal storage capacity and 2 GB RAM. The device has an excellent 8-megapixel rear and 2-megapixel front camera. The operating system of the device is Android 5.1.1 Lollipop.

4G-enabled feature phones

Reliance Jio also aims to reach out to customers across Tier-III cities and rural areas by introducing a range of feature phones. These devices will be compatible with 4G-VoLTE and are expected to be priced between Rs. 1,000 and Rs. 1,500. Jio plans to launch the devices around the first quarter of 2017. The handsets will not have a touchscreen, but users will be able to access the Internet through the 4G network.

Reports by International Data Corporation (IDC) revealed that the launch of Jio’s 4G services has led to an increase in the shipments of 4G-compatible smart phones. Jio has managed to garner a subscriber base of more than 50 million. By introducing its range of feature phones, it will be able to cater to a wider audience and increase its customer base. Jio SIM card users will also be able to avail of free services till 31st March 2017 under the recent Jio Happy New Year Offer.

Summary

Reliance Jio’s reasonably priced LYF smart phones offered with free Jio SIM cards.

Reliance Jio Collaborates with Niantic to Launch Pokemon Go in India

December 14, 2016

Pokemon Go, one of the most popular games around the world is ready for its official launch in India. The game, which is designed on the concept of augmented reality, has been a massive success for its ability to introduce famous cartoon characters of Pokemon to the real world. Although individuals in India have tried out the game unofficially by sideloading the APK, it will now be available for downloading on the Google Play Store from 14th December 2016. This move has been supported by Reliance Jio, one of the leading telecom operators in India. Mukesh Ambani led Jio has collaborated with Niantic, the manufacturers of Pokemon Go. This will enable several Reliance Digital Stores and other partner outlets to serve as gyms and Pokestops in the game.

Partnership with Jio

Pokestops and gyms in Pokemon Go are significant aspects of the game. Since Reliance Jio has tied up with Niantic, this will be a good opportunity for Jio to attract a large number of customers to its stores. The telecom brand is well-known for its high-speed 4G-LTE services and superior connectivity. Its services are considered to be a benefit for Jio users who play the game, as individuals on the Jio network are less likely to encounter technical glitches. A good Internet connection is important for this game since it functions on built-in maps offered by Google and relies on GPS.

Jio services to enrich the experience

Niantic’s Founder and Chief Executive Officer, John Hanke said that he considered it to be a great opportunity to collaborate with Reliance Jio for Pokemon Go. He further added that since the game requires players to explore different areas and neighborhoods, Jio’s 4G services will ensure that the experience will be a seamless one for individuals. Besides, now that the game will be easy to download and play, the number of players will also increase to a large extent. With respect to the partnership, Niantic has in the past also collaborated with McDonald’s in Japan. This led to several outlets being designated as Pokestops, where people could play and also spend time with their friends.

An opportunity to increase the customer base

Niantic’s partnership with Jio will draw players to Reliance Digital outlets, which will also help the company to build its customer base. Jio will also be introducing a dedicated channel to the game on its messaging application JioChat. This will make the game even more engaging by allowing players to share game tips, tricks, and interesting information related to it. The move is also expected to help JioChat app garner more users.

Currently, Mukesh Ambani led Reliance Jio is already among the top telecom service providers in the country. The brand has garnered more than 50 million customers within only a few months of its launch. Additionally, the telecom provider will be launching theJio Happy New Year Offer, which will offer free data, voice calling, and app services to users until the end of March 2017.

Summary

Reliance Jio has tied up with Niantic for Pokemon Go, wherein select Reliance Digital outlets and partner premises will be allocated as gyms and Pokestops.

Reliance Jio’s Comprehensive Digital Offerings to Transform Lives

December 13, 2016

Reliance Jio has redefined the digital experience for Indian customers. The telecom brand besides offering high-speed data services is also providing users with a range of premium applications, which is garnering a positive response.

Jio Experience Center

The Jio Experience Center situated at Navi Mumbai offers an insight into the digital offerings designed by the company. A range of innovations by Jio have even managed to go live. The experience center encompasses 24 pods, also referred to as components. These offer visitors the chance to witness the various innovations displayed by Jio. The components reflect the long-term goal of Reliance Jio, which is to empower Indians through the power of data. The company believes that through data, citizens will be able to fulfill their aspirations and thereby help India gain recognition on a global level for its revolutionary digital services.

Useful Jio offerings

The company believes in enriching the experience of customers by surpassing current industry standards. This is evident in many of the services and applications offered by the brand. With respect to Jio’s digital news service, users can avail of the online reading facilities while also using the text-to-speech feature. This gives them the chance to not only read the news but also listen to the same. One of the other offerings by Jio called SwitchToJio allows customers to transfer data from one smart phone to another handset, without having to take the help of a retailer for the same. This process is simply done by linking the two devices through a hotspot. Customers can, therefore, transfer data securely without worrying about their privacy being breached.

Jio also emphasizes on a quality experience, which is why users will notice that even while playing videos, the instances of buffering are very rare. Additionally, the brand has focused on incorporating a high-definition (HD) quality to not only its video features but also to its voice calling options.  According to a spokesperson from Jio, users can also enjoy the flexibility of switching from voice to video option conveniently during a call.

Plethora of premium apps

Some of the applications offered by Jio include JioMoney, JioTV, and JioMusic. JioMoney is a digital wallet application that allows users to make cash-free transactions. JioTV and JioMusic apps allow users to stream television shows and music respectively. The JioMusic app can also be used to download music. Jio’s premium applications are aimed at creating a comprehensive digital ecosystem that offers a number of services under the same roof. Jio has also made it possible for non-4G handset owners to avail of superior voice calls. This can be done by purchasing a JioFi device and downloading the Jio4GVoice app.

Mukesh Ambani led Jio currently has a user base of over 50 million, which it managed to build within only 83 days of its commercial launch.  Moreover, by using optical fiber connection designed to offer high speeds, Jio plans to design special smart TVs. The brand is also keen on introducing a feature that allows two players at different locations to engage in the same video game. In addition to this, Jio will be working around the concept of a connected car, wherein information about the functioning of a car will be captured through an on-board diagnostics port.

Summary

Reliance Jio offers users variety with its range of innovative apps.