MUMBAI: Reliance Industries said it would launch super-fast internet in India next month, stressing that partnerships would be its path to growth as it announced a tie up with Microsoft and a stake sale in its oil unit to Saudi Aramco.
"We have received strong interest from strategic and financial investors in our consumer businesses, Jio and Reliance Retail," Ambani said in a statement for the company's annual general meeting on Monday. Microsoft and Jio will launch cloud data centres in India, the two executives said. Jio will provide free cloud services for startups for as little as 1,500 rupees a month, which Ambani said was less than one-tenth of global rates.
"We want to build transformative partnerships, whether it is the kirana merchants in the new commerce space, or in the B2B space with giants like Aramco or BP," said Reliance's Executive Director PMS Prasad.
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