Jio to invest â¹50,000 crore to build JioGigaFiber business
India's richest person Mukesh Ambani's Reliance Jio will spend about â¹50,000 crore in the next six to eight quarters to build its broadband business JioGigaFiber. Jio plans to offer the service in at least 1,100 cities and towns and had invited registrations from August 15. It is targeting 5 crore JioGigaFiber home customers and 3 crore small merchants and shopkeepers.