Jio Platforms to support millions of small businesses in India: Mark Zuckerberg
Mukesh Ambani, Chairman, Reliance Industries Limited said that the partnership between Jio and Facebook is great for India, Indians and small Indian businesses.
Facebook CEO Mark Zuckerberg on Tuesday said its partnership with Jio Platforms will help support millions of small businesses in India. Zuckerberg made the remark during a conversation with Mukesh Ambani, Chairman and Managing Director, Reliance Industries at the first Facebook Fuel for India 2020 event. “At Facebook, we are in the business of serving small businesses. And nowhere is this more true than in India,” the Facebook CEO said.
“With more than 60 million small businesses and millions of people around the country relying on them for jobs — these small businesses form a big part of what our partnership with Jio can serve here,” he said.
In April this year, Facebook announced an investment of Rs 43,574 crore in Jio Platforms for a 9.99% stake. Zuckerberg said that supporting small businesses has become more important in view of the Covid-19 induced impact on the economy.
“It is quickening the move for a parcel of businesses from physical storefronts to computerized,” Ambani said that innovation will democratize riches and esteem creation for people and little businesses in India. “Through our organization (Jio Stages and Facebook), we are going ended up an esteem creation stage for our clients and little businesses, giving them a chance to digitize and be at standard with anyone else within the world,” said the Chairman and Overseeing Chief of Dependence Industries.’ The social organize said it is partnering and contributing to India’s advanced biological system as an opportunity to form long-term effects in zones that are pertinent to the nation.