Intending to open up the opportunities for eCommerce in India, Facebook invests in India’s digital e-commerce system. It announced to invest $5.7 billion, or INR 43,574 crore in Jio Platforms, and become the largest minority shareholder of it.
Mukesh Ambani in his video welcomed Facebook Inc as its long-term and esteemed partner. He ensures that this partnership will accelerate India’s digital economy.
Shri Mukesh D. Ambani, Chairman, Reliance Industries Limited welcomes Mark Zuckerberg, founder @Facebook Inc as a long term and esteemed partner.#WithLoveFromJio #Jio #Facebook #MarkZuckerberg#MukeshAmbani #RelianceJio #JioDigitalLifehttps://t.co/RoHrxUpxZF
— Reliance Jio (@reliancejio) April 22, 2020
He further added that this partnership will be a catalyst to make India the world’s leading digital society. It will connect small shops (Kirana shops), farmers, and small enterprises to the digital world. To grow kiranas’ business, it will connect to Jio Mart and WhatsApp for digital transactions with each customer.
With this collaboration, Facebook focuses to establish new paths effectively for people and businesses in India. In a published note by Facebook, it said, “In less than four years, Jio has brought more than 388 million people online, fueling the creation of innovative new enterprises and connecting people in new ways. We are committed to connecting more people in India together with Jio.”
Facebook also shares their excitement for investing in India’s vibrant digital economy. They consider it as opening a new door in India.