The launch of the JioPhone will fulfill the dream of our Founder, Dhirubhai Ambani, and the Digital India vision of our Prime Minister Narendra Modi.The JioPhone will be available for beta testing from August 15.Ambani dedicated the 40 years to the founder Chairman and his father, Dhirubhai Ambani.Mumbai, July 21 (IANS) In an action-packed Annual General Meeting of Reliance Industries constant power cable ManufacturersLimited on Friday, its Chairman and Managing Director Mukesh Ambani announced the launch of zero cost intelligent smartphone as well as recommended bonus shares in the ratio of 1:1 for the companys shareholders. In an emotional speech, he said: For the first 25 years, I sat by the side of my father, who tutored me with boundless affection, attention and hope.RIL and BP have recently approved an investment plan to monetise over 3 trillion cubic feet of gas from new fields in the KG (Krishna Godavari basin) D6 block, he said. You have the responsibility to protect Reliance and promote the interests of all its shareowners, partners and employees. Let us welcome Dhirubhai again to this AGM.
The much-awaited phone was launched by Ambanis son and daughter Akash and Isha Ambani.Describing how from its beginning as a textiles start-up, RIL has now created multiple growth engines, he told shareholders at the 40th AGM here that the companys net profit went from Rs 3 crore to Rs 30,000 crore during the period.RIL was investing together with its eastern offshore KG basin gas fields consortium partner BP after a gap of six years. I am confident that you will take Reliance to greater height.Charting out the long journey of the RIL since it was founded by his father Dhirubhai Ambani in 1977, Ambani said its net profit index had jumped 10,000 times during the last 40 years. The phone will support 22 Indian languages.Cheering shareholders were heard shouting Dhirubhai Zindabad!At the AGM, Ambani also said that RILs deal last month with British energy major BP on joint investment of 6 billion across the entire energy value chain in India was a major highlight of RILs oil and gas business in the past year.The JioPhone will be available to all Indians for an effective price of Rs zero, Ambani told the companys 40th Annual General Meeting (AGM) here.