Reliance Jio Sets Up Rs 5000 Crore Fund For Startups

Reliance Industries chief Mukesh Ambani announced the initiative at the company’s 42nd annual general meeting, where he launched the Jio 4G services. The ‘Reliance Jio Digital India Startup Fund’ will be invested over the next 5 years to encourage young entrepreneurs to build their businesses ground up in India, Ambani said. He added that the company is also working to create digital entrepreneurship hubs in key cities and towns in India.