Reliance Jio hopes to sell over 2 crore JioPhones in UP over next 2 months: Mukesh Ambani

Ambani also announced Rs 20,000 crore investment in Uttar Pradesh over the next three years.

  • Published: February 23, 2018 2:29 PM IST

Even before the JioPhone hit the shelves, the feature phone attracted a lot of curiosity. The device then went on sale, and a massive demand was witnessed, large enough to help Reliance Jio secure 27 percent market share, with a shipment of 88 million mobile handset units in Q4 2017. However Jio, seems to have much bigger plans for its handset ahead.

At Uttar Pradesh Investors’ Summit 2018, Reliance Jio Chairman, Mukesh Ambani announced that the company would make available two crores of JioPhones in the state in the next two months. In addition to that, Ambani also announced some large investments in the state. He committed that Reliance Jio will invest Rs 10,000 crore in Uttar Pradesh over the next three years. The company has already invested Rs 20,000 crore in the state.

“Today I am happy to inform this audience that Jio is one of the largest investors in Uttar Pradesh with investments of over Rs. 20,000 crore. Jio is providing the highest quality data at the lowest price in the world to over 2 crore citizens of Uttar Pradesh,” Ambani said.

Ambani also announced that Jio has already created 40,000 direct and indirect jobs in Uttar Pradesh. “Along with other businesses of Reliance such as Retail, Polyester and Petroleum, Jio will create over one lakh sustainable livelihood opportunities in the State in the coming years,” stated Ambani.

  • Published Date: February 23, 2018 2:29 PM IST