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Reliance Jio named world’s strongest telecom brand in Brand Finance report

Reliance Jio named world’s strongest telecom brand in Brand Finance report
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Reliance Jio named India’s strongest brand in Brand Finance report

Telecom and digital communications main Reliance Jio is the strongest brand in India, based on the most recent report on Indian manufacturers by Brand Finance. Jio can be the world’s strongest telecom brand, as per Brand Finance.

The report famous that regardless of being based solely in 2016, Jio has rapidly grow to be the biggest cell community operator in India and the third largest cell community operator in the world, with virtually 400 million subscribers.

Known for its inexpensive plans, Jio took India by storm, providing 4G to hundreds of thousands of customers free of charge and concurrently remodeling how Indians devour the web — often known as the ‘Jio impact’, it stated.

As brand power is without doubt one of the key drivers of brand worth, this 12 months Jio additionally counts among the many prime 10 Most worthy manufacturers in India for the primary time.

Savio D’Souza, Valuation Director, Brand Finance, stated: “The dominance of the Jio brand across the nation is evident from the results of Brand Finance’s original market research. Jio scores highest in all metrics — consideration, conversion, reputation, recommendation, word of mouth, innovation, customer service, and value for money — compared to its telecom competitors in India.”

D’Souza additionally famous that the brand has no main weaknesses throughout the sector, and in contrast to many telecom manufacturers globally, Jio has proven that it has damaged the mould, and enjoys real affection from the customers.

The 5 strongest manufacturers embrace Taj, Maruti Suzuki, HDFC Bank and Britannia.

Further, Tata Group has retained the title of India’s Most worthy brand by a substantial lead with a brand worth of $21.3 billion. Operating in greater than 100 nations throughout six continents and using over three-quarters of 1,000,000 folks, Tata Group is a power to be reckoned with on the worldwide stage, the report stated.

With 30 corporations below the Tata Group umbrella, starting from Tata Steel and Tata Motors to TCS and Tata Consumer Products, the brand has managed to guard itself from Covid-19 harm — recording 6 per cent uplift in brand worth this 12 months.

The report famous that the overall worth of India’s prime 100 manufacturers has elevated by 2 per cent, from $162.1 billion in 2020 to $164.9 billion in 2021.

This uplift in brand worth over the course of the primary 12 months of the pandemic is a powerful feat given the worldwide financial disaster following the implementation of nationwide lockdowns in March 2020, when enterprise exercise was dropped at a halt, affecting each manufacturing and consumption, it stated.

READ MORE: Working closely with Jio to build affordable smartphone: Google CEO Sundar Pichai

READ MORE: Jio’s Q4 net profit grows 48% to Rs 3,508 crore

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