Facebook has invested 43,574Cr Indian rupees in Mukesh Ambani’s Realiance Jio. In the time of Global Pandemic this huge investment is a very good sign for Indian Economy. And this deal will bring many benefits for Indian Consumers.
Mark Zuckerbarg,Chmn facebook said- Facebook is teaming up with Jio Platforms and we are making a financial investment, and more than that, we are committing to work together on some major projects that will open up commerce opportunities for people across India. This is especially important right now, because small businesses are the core of every economy and they need our support. India has more than 60 million small businesses and millions of people rely on them for jobs. With communities around the world in lockdown, many o these entrepreneurs need digital tools they can rely on to find and communicate with customers and grow their businesses, This is something we can help with and that’s why e are partnering with Jio to help people and businesses in India create new opportunities. I want to thank Mukesh Ambani and the entire Jio team for their partnership. We are looking forward to getting started.
Buy investing such huge amount of money Facebook becomes 9.99% of stake holder of Jio and became Largest Minority Shareholder of Jio. Making it largest FDI in the Technology Sector in India.
Mukesh Ambani, Chmn & MD Reliance: Welcome Facebook as our long term partner in Digital Transformation Synergy. By the way Jio & Facebook will help realise “Digital India” Mission to work together on projects that will open up commerce opportunities for Indians.