Mumbai: Reliance Industries Ltd Chairman and Managing Director Mukesh Ambani today speaking at the 40th Annual General Meeting(AGM) of his company introduced Jio smart phone.

Ambani said: today, Jio is going to reinvent the conventional feature phone. Let me introduce India ka Intelligent SmartPhone. On the JioPhone, voice will always be free. Starting 15th August this year, I am declaring digital freedom for all feature phone users. Jio will give them access to unlimited data on the JioPhone. If these users were to consume a similar quantity of data on other operator’s network, they would spend Rs 4,000 – 5,000 per month, Jio will provide this at ONLY Rs 153 per month, that is one-thirtieth, 3% of the existing price. JioPhone will be available to all Indians for an effective price of – Rs 0. To protect against misuse of the free offer we plan to collect a fully refundable, one-time, security deposit of Rs 1,500 with every JioPhone. From 15th August, 2017, all Indians will have access to the highest quality & quantity, affordable & unlimited data. This is how Jio will end the digital exclusion in India. And this is what I call true digital freedom.Reliance dedicates JioPhone to the nation on the joyous occasion of India at 70, 70th anniversary of India’s Freedom. Digital Life will no longer be the privilege of the affluent few.Reliance democratized the equity culture in the past. Now, Jio will democratize the digital culture in India. Jio will be the greatest accelerator of the Bharat-India connectivity. The JioPhone will be available for user testing in beta from 15th August and for pre-booking from 24th August. From last quarter of 2017, all JioPhones will be made in India. We are targeting to have 5 million JioPhones a week.JioPhone will make the 2G feature phone obsolete. With this, I am sure Jio will set a new world record.