Speaking at the Annual General Meeting of Reliance Industries on Friday (June 19, 2026), CMD Mukesh Ambani announced the approval of Jio IPO.

“Jio connected India on the ground. Now, we must connect India from the skies. There are still remotest villages, island communities, and border outposts where the Jio network cannot reach. For them, satellite connectivity will be the bridge to the rest of India,” Mr Ambani said.

Jio is evaluating the development of a sovereign Low Earth Orbit satellite constellation for India, he said.

“We are also partnering with the leading global constellation providers by leasing satellite capacity, so that we can accelerate service availability while building our own long-term sovereign capability,” he said.

He said Jio is now considering plans to get into Satellite Communications. This dual approach will enable Jio to meet India’s connectivity needs faster, while laying the foundation for the Indian satellite broadband platform of global scale, he emphasised.

To anchor this ambition, Jio is also building its own ground station infrastructure in India.

“These ground stations will support our partner constellations, as well as our own future satellites, creating an end-to-end satellite broadband ecosystem from space to ground,” Mr Ambani said.

Reliance Intelligence building India’s sovereign AI backbone

Speaking on Reliance Intelligence, a new chapter in Reliance’s deep-tech evolution, that was announced last year, Mukesh Ambani said, to address the scarcity and high cost of compute in AI, Reliance Intelligence is building India’s sovereign AI backbone in Jamnagar.

“This cutting-edge infrastructure will be powered entirely by clean energy from Reliance’s own solar generation from the Kutch renewable platform. The first 120 megawatts will be commissioned by the end of 2026,” he said.

In addition, the company would operationalise an initial fleet of advanced NVIDIA GB300 GPUs. This next-generation compute capacity is equivalent to more than 75,000 H100 GPUs on an AI-inference basis. As the first 120 megawatts becomes fully operational, this capacity can scale to over two lakh H100-equivalent GPUs, he said.

“This capacity places Reliance among the largest AI infrastructure platforms being built anywhere in the world. When compute becomes affordable, innovation becomes inevitable,” he added.

Reliance Intelligence is building trusted, affordable, and multilingual AI services, designed to be accessible in 22 Indian languages. This sovereign, green, secure compute backbone will power India-first applications such as JioBharatIQ, AI Vyapar, JioHealthIQ, JioLearnIQ, and JioKrishiIQ, he stated.

“JioBharatIQ will make AI a companion for every Indian. AI Vyapar will help small merchants and businesses improve productivity, serve customers better, and compete with confidence.

JioHealthIQ will bring intelligent healthcare support closer to every family,” he said.