It's time for RIL 3.0: Made-in-India 5G network, affordable smartphones

Delay in striking a deal with Saudi Aramco disappoints investors

Reliance Industries (RIL) held its first virtual annual general meeting on its in-house JioMeet platform and broadcast it across social media including Facebook, Twitter and YouTube on Wednesday. The 43rd AGM, drawing in 310,000 shareholders from more than 460 cities in 41 countries, captured promoter Mukesh Ambani’s ambition to turn RIL into a technology powerhouse, with zero net carbon footprint, in the next decade. If its consumer-facing businesses such as retail and Jio made the company transition to RIL2.0, now it’s time for 3.0, analysts said.     

However, the delay in striking a deal with Saudi Aramco was seen as