Facebook enters in Indian Market by taking 10% stake in Reliance Jio.

2020 big deal: Facebook takes 10% stake in Mukesh Ambani’s Jio.

India is the world’s most significant Market when it comes to internet users. 

On April 22, Facebook declared that they are investing more than 5.7 billion in Reliance Jio, according to Bloomberg news.

Which means 10%of Jio, Mukesh Ambani holds this company. Both companies agreed to each other’s terms and conditions, which means we will see the impact of Facebook in Reliance Jio.

According to the US Social media company, this deal is also related to Jio Mart and e-commerce venture of Mukesh Ambani. 

With this deal, Mark Zuckerberg got a chance to join India’s Market. He will now extend his business in India with Jio deal and look for more opportunities.

Facebook, as we all know, are having more than 250 million users in India.

India is a trial place for WhatsApp payment services; Zuckerberg is also planning to market his Cryptocurrency project.

For Mukesh Ambani it’s a big deal, he will get a view of IT people and business by joining cards with Facebook. It will boost reliance IT group confidence too.

With all the adverse news going around about Mukesh Ambani is facing financial issues will also come down.

 Deal with Facebook is a big one we feel it will also allow Reliance group to look into IT ventures. As Facebook is a master of IT, and they will see how Facebook goes with JIO.

We feel it is excellent news for India as we got one super giant investor in India. Let’s see what Mark and his Facebook team gives to India. We hope it will be something good for India.