Mukesh Ambani on Thursday announced ‘JioPhone Monsoon Hungama’, offering to replace old feature phone with JioPhone for just Rs 501.

Speaking at the 41st annual AGM Ambani outlined a target of garnering 100 million JioPhone users in the “shortest possible time”.

He also announced added capabilities and functionalities for JioPhone, an internet-enabled feature phone that offers 4G connectivity.

Announcing the new ‘Monsoon Hungama’ offer, Ambani said: “Today we are introducing another attractive offer to feature phone users.”

“….Starting July 21…They can exchange their existing feature phone for a brand new JioPhone for just Rs 01.

“We have thus reduced the effective entry cost of JioPhone from Rs 1,500 to as low as Rs 501.”

In July 2003, Reliance Infocomm had launched Monsoon Hungama allowing customers to get a multimedia mobile phone for Rs 501 upfront payment,

The Chairman of Reliance Industries today said that 500 million Indians still use feature phones without internet capabilities.

“The doors of digital life are closed to them because of the problem of affordability,” Ambani said .

The company already has 25 million JioPhone users.

“With the added functionalities, our wider network reach across India and strong retail presence across India”

“The goal that I have now set for our Jio team is to enable 100 million users on this JioPhone platform in the shortest possible time,” he said.

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