Facebook found Mar Zuckerberg said that India is on the verge of major digital transformation and that was the reason they are investing with the JIO.
Many business opportunities will be opened with this investment said, Zuckerberg. The social media giant has invested 5.7 million dollars in the JIO company owned by Mukesh Ambani of Reliance industries.
This is a major investment coming for the RIL. Zuckerberg thanked Amabi and said that he was looking forward to getting started in India in a big way.
Now Facebook is teaming up with JIO platforms in a big way for future commerce. India is poised to see a major digital transformation in the e-commerce segment.
There is a chance that Facebook will use the WhatsApp platform through reliance for the money transfer and other e-commerce business. Things are going to be easy with Facebook inviting in the JIO.
The investment is to the tune of 9.99 per cent it is reported and Facebook is the ministry investor when compared to others in JIO as of now.
