Jio FaceBook Deal #Jio-facebook deal #India eCommerce #trendingbusiness

Jio Facebook deal
Facebook announced a $5.7 billion, or INR 43,574 crore, investment in Jio Platforms Limited, part of Reliance Industries Limited, making Facebook its largest minority shareholder.

The Facebook founder Mark Zuckerberg stated that" We are committed to connecting more people in India together with Jio."

The Facebook founder is attracted by the dramatic transformation that Jio achieved in the country, by covering more than 388 million people online through its Jio communications in the last 4 years.

India is one of the most dynamic socially, economically, and digitally transforming the country in the last four years. Being the seventh-largest country by geographical area and second-biggest populated nation in the world, currently, India has 560 million internet users. It means, there is still around 60% of the population that is not yet covered under the internet. And they never consumed any online products yet.

Considering this, recently Amazon declared to invest 5 billion US dollars in the country. In the past, Walmart purchased India's biggest e-Commerce platform Flipkart for 16 billion in 2018. Now it's time for Facebook to invest in India by joining hands with India's most reliable and popular Reliance groups. And this trend continues, still, there are so many companies to encash this opportunity by investing in India.

#Hostlogs #jio #facebook #fdi