Facebook-Jio deal brings cheers to Indian industry in grim times - Bhaskar Live

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Wednesday, April 22, 2020

Facebook-Jio deal brings cheers to Indian industry in grim times

It was coming but no one thought it to be this big, especially during the grim COVID-19 times. Facebook’s $5.7 billion investment (approx. Rs 43,574 crore) in Reliance Jio has created ripples in the Indian tech and ecommerce sector, leaving the leading players guessing what is coming next.
After announcing the social networking giant’s biggest overseas investment to date, Facebook CEO Mark Zuckerberg said it will open up commerce opportunities for people across India.

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