Reliance Industries has already announced plans to invest ₹10 lakh crore in building multi-gigawatt-scale AI-ready data centres, describing the initiative as a step towards creating a “sustainable, high-performance computer backbone” for India, and Jio would play a key role in this project.
Jio Platform, a homegrown digital behemoth, has a rare achievement. It has two of the five largest global tech companies, Meta and Alphabet, as substantial investors. Their 2020 investment in Jio is likely to nearly triple (in absolute terms) in the upcoming initial public offering (IPO), which, by many estimates, would value the company at over ₹12 lakh crore ($130 billion).
Continue Reading with
CNBC-TV18 Access Membership
Priority Access and Networking: CNBC-TV18’s flagship events
Interaction with CNBC-TV18’s journalists
Webinars & LIVE Q&As with India Inc. Leaders
Exclusive CNBC-TV18 studio & newsroom tours
Premium business insights, expert opinions & analysis
Curated lifestyle privileges & offers
