Reliance to forays into Genetic Mapping
The genetic testing kit, named 'JioGenNext
New Delhi: Mukesh Ambani’s Reliance Industries Limited (RIL) is set to enter the field of genetic mapping with the launch of a Rs 12,000 genetic testing kit. The move is part of RIL’s broader efforts to expand into the healthcare sector.
The genetic testing kit, named ‘JioGenNext,’ will offer customers a comprehensive analysis of their genetic makeup. The test will cover a range of genetic factors, including predisposition to certain diseases, drug responses, and ancestry.
The launch of JioGenNext marks RIL’s entry into the rapidly growing field of personalized medicine. With the cost of genetic testing falling rapidly, an increasing number of individuals are seeking to better understand their genetic makeup in order to make informed decisions about their health.
According to a statement from RIL, JioGenNext will be available to customers through its JioMart platform, which currently offers a range of products, including groceries and electronics.
The genetic testing market in India is currently in its early stages, with only a handful of companies offering genetic testing services. However, the market is expected to grow rapidly in the coming years as more individuals seek to better understand their genetic makeup.
The launch of JioGenNext is also part of RIL’s broader strategy to diversify its revenue streams beyond its core businesses of petrochemicals, refining, and oil and gas exploration. In recent years, the company has made a number of strategic investments in sectors such as e-commerce, digital services, and retail.
RIL’s move into genetic testing is also expected to spur innovation and investment in the healthcare sector in India, which has been historically underfunded and underdeveloped.
The launch of JioGenNext is set to position RIL as a major player in the rapidly growing field of personalized medicine. With its strong financial resources and broad reach, the company is well-positioned to become a leader in the sector and to drive innovation and growth in the healthcare industry in India.