Mukesh Ambani made several announcements from new directors, and 5G devices to the launch of Jio AirFibre. Here are 15 points covering all about the Reliance AGM 2023.
Reliance Industries Limited held its annual general meeting (AGM) on August 28, 2023, where Chairman Mukesh Ambani and other board members presented the company's accomplishments and future objectives. Reliance also announced the new directors, 5G device, retail plans and green energy goals.
Mukesh Ambani made numerous announcements in his speech, let’s read about them below:
- Isha Ambani, Akash Ambani, and Anant Ambani should be appointed as non-executive directors to the RIL board, according to the RIL board's recommendation. Nita Ambani, a director since 2014, will leave the board but keep her position as chair of the Reliance Foundation.
- He talked about Jio's foray into artificial intelligence and the company's evolution into a new-age business.
- Ambani went into great detail about the economic development of India and stressed how the "New Reliance" is paving the path for a changing India.
- The introduction of Jio AirFiber on September 19 was one of the noteworthy announcements. Mukesh Ambani expressed optimism about the potential of artificial intelligence and promised to democratize this cutting-edge technology to make it available to a large audience.
- He also discussed Jio Financial Services, the recently launched financial division of Reliance Industries Limited, stressing its goal as a catalyst for recreating India's amazing economic growth.
- A major update on Jio 5G was provided by Mukesh Ambani, who stated that the business is on pace to have coverage over the entire nation by the end of 2023.
- Chairman Akash Ambani expressed enthusiasm about the launch of Jio Smart Home services, which are intended to alter how we interact with and manage our homes.
- Jio True5G Developer platform was introduced by Reliance Jio Chairman Akash Ambani. He described it as a comprehensive platform that combines our 5G network, edge computing, and a range of applications and services.
- Mukesh Ambani announced that Reliance Retail's worth has doubled in less than 3 years.
- He further said that they are executing India’s 1st world-class Carbon Fibre facility in Hazira.
- Mukesh Ambani said that they are focused on fast-track execution of the Dhirubhai Ambani Green Energy Giga Manufacturing Complex at Jamnagar.
- By 2030, Reliance plans to have 100 GW of renewable energy capacity. To do this, the business plans to build a battery Giga plant by 2026 and a solar cell production facility by 2025. Additionally, Reliance will make investments in carbon capture, biofuels, and green hydrogen technology.
- He announced that the company has become India’s largest BioEnergy producer.
- Nita Ambani said, as a tribute to the 90th birth anniversary of Founder Chairman Dhirubhai Ambani, a commitment to support 50,000 students through RF UG and PG scholarships for over 10 years and they have awarded 5100 scholarships this year.
- Mukesh Ambani collaborates with Bill Gates to elevate healthcare and climate solutions.
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 "Reliance AGM 2023 Highlights: From Jio AirFibre launch to becoming India’s largest BioEnergy producer | 15 points")
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