Reliance Jio has entered into unique long term alliance with Microsoft Technologies as announced by Mukesh Ambani at the 42nd annual general meeting (AGM) in Mumbai. As a part of the newly announced partnership, Reliance will set up a network of large world-class data centers across the country, which will be powered by Microsoft's Azure cloud platform.
Mukesh Ambani says that Reliance Industries Limited will induct leading global partners and move towards the listing of both the companies within the next five years. It will leverage the Microsoft Azure cloud platform to develop innovative cloud solutions focused on the needs of Indian businesses.
Jio is delighted to partner with Microsoft in our efforts to further deepen the use of technology on a scale to all Indians. – Mukesh Ambani.
He added, "As we achieve our zero net-debt targets this financial year, I assure you, my dear shareholders, that we will reward you abundantly through higher dividends, periodic bonus issues, and other means, and at a more accelerated pace than any time in our history."
Jio and Microsoft's combination will bring powerful tools and platforms for computer, storage, productivity and more to enhance the adoption of leading technologies as well as helping accelerate technology-led GDP growth in India.
In addition to the partnership with Microsoft, the Reliance Jio chairman also announced that the company would support the budding startups by offering the cloud technology and connectivity for free. This service will be available to all the startup in the country who registers on Jio.com.