Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
Jio Infocom 2019-01-03

Businesses Are About To Get A Tech Upgrade by Jio

Jio is coming up with affordable ultra-broadband packages for business customers to leverage the MSME sector with the benefits of the internet.

By Content Writer
Businesses Are About To Get A Tech Upgrade by Jio

The Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. It contributes significantly to the economic and social development of the country by fostering entrepreneurship and generating largest employment opportunities at comparatively lower capital cost, next only to agriculture.

In today’s changed economic scenario, there is a need to encourage entrepreneurship, employment and livelihood opportunities and enhance the competitiveness of MSMEs. The next big transformation for businesses will be access to affordable ultra-broadband as there are many businesses that do not have high-speed connectivity.

In India, there are 5,000 large enterprises and 1.4 million registered small and medium businesses, in addition to 51 million registered micro, small and medium enterprises. Although, out of which merely 1 million have wireline connectivity. Businesses have been deprived of telecom connectivity.

Thus, to bridge this gap, Jio is coming up with affordable ultra-broadband packages for business customers to leverage them with the benefits of the internet.

Eyeing the Business Sector

Businesses of every size have been deprived of high-speed connectivity. After disrupting the consumer mobile business, Jio is targeting the enterprise sector on the basis of its ultra-high-speed fibre-based nationwide network.

The enterprise sector holds huge opportunity for telecommunication companies. Jio’s arch-rival Bharti Airtel has more than 1.7 million enterprise customers that contribute 22% of its revenue.

The benefit of Enterprise Customers

Owing to its vast production, export and job creation potential, MSME sector is considered the backbone of India’s economy. MSME contributes to 38% of India’s GDP (gross domestic product). The government, as well as major companies, are rolling out various initiatives to encourage this sector.

Recently, Prime Minister Narendra Modi recently unveiled an automated portal that allows a credit of up to Rs 1 Crore to boost the MSME sector. In addition to this, Amazon India also collaborated with FISME will empower Micro, Small & Medium Enterprises (MSMEs) to leverage growth opportunities in the e-commerce sector.

Jio aims to offer ultra-high bandwidth to enterprise consumers with cost-effective futuristic technologies. Access to broadband will allow them to transform and help in not just reskilling, but will up skill as they participate fully in the digital economy.

Comment
image
image
image
image
Related opportunities
  • Courier & Delivery
    About US. World Health Care Mart Is a Leading Teleshopping..
    Locations looking for expansion Madhya pradesh
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size
    Space required 100
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Indore Madhya pradesh
  • Casual dine Restaurants
    About Us: MOETS has been the pioneer in establishing the Restaurant..
    Locations looking for expansion Haryana
    Establishment year 1998
    Franchising Launch Date 2016
    Investment size Rs. 50lac - 1 Cr.
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Gurgaon Haryana
  • Quick Service Restaurants
    About Us: The One And Only "MOC The American Restaurant" A perfect..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Casual dine Restaurants
    Café Udupi Ruchi, is a restaurant which will provide the..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Rural District Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts