Reliance Industries Chairman Mukesh Ambani on Monday said that Reliance Jio will help startups by providing free internet services.
This service will go a long way in helping India realize the startup potential. But it will also help his brother Anil who has been making losses in all his endeavors.
Anil Ambani has asked his accounts department to register all his companies as Startups so that he can avail the free internet services offered by Jio fiber. Mukesh is not yet aware of these plans of his younger brothers and it may be interesting to see in the future if Anil does get the internet for free.
The only problem for Anil in this idea is that none of his business has shown the potential to even be a startup and a thorough audit will reveal that even if his companies are registered as startups, he may not be able to get investments to use the internet and earn some revenue.
I think he will have to wait for the day when Mukesh will not only provide free internet but also free operations for companies.