In order to capitalize on the opportunities in India, big companies like Amazon, Google and Facebook are investing

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Parliamentary Committee meeting on 17 June on issues like Arogya Setu App, Data Security

Business Desk, Web4Study, New Delhi
Updated Sat, 01 Aug 2020 03:43 PM IST

Investment (nominal picture)
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Corona virus epidemics have caused damage to companies around the world. World-class tech companies Amazon, Facebook and Alphabet have reported April-June quarter results. Meanwhile, a good news for India is that Amazon, Facebook and Alphabet have mentioned India as the largest investment sector. These companies are investing to capitalize on the emerging opportunities in India. These companies are leveraging partnerships to capitalize on the rapidly emerging business opportunities in the country and take the experiences gained from it to other markets.

Facebook
Companies have underlined the importance of the Indian market in their interactions with their investors. That is, foreign companies are serious about investing in India. Facebook has invested in Mukesh Ambani’s Jio Platforms to capitalize on the emerging opportunities in India. In this context, Facebook’s Chief Executive Officer (CEO) Mark Zuckerberg, while referring to the investment in Jio Platforms, said that his company is excited about the opportunities in India. He said that this partnership will help thousands of grocery stores and small businesses in India to get on WhatsApp and do business.

Alphabet
Speaking to investors, Sundar Pichai, the head of Google’s parent company Alphabet, said that his company has announced a ‘Google for India’ digital fund to help Indian Internet users. Through this effort, Google will invest about $ 10 billion (75 thousand crore rupees) in the next five to seven years. Pichai said, ‘We will help in providing information in local languages ​​and will use technology and artificial intelligence in important areas like health, education and agriculture. Investment in Jio platforms is the first partnership under this fund and will provide smartphones to millions of users in India. ‘

Amazon
Brian T. Olsavsky, CFO of Amazon, Jeff Bezos’ company, said in this context that India is the most important investment destination. He said that we are investing in new countries. But the maximum investment by Amazon will be in India. It may be noted that the company has also recently invested in the Middle East, Brazil, Turkey and Australia, but this is lower compared to India. Dave Fildes, the company’s director investor relations, said that Amazon is focusing on the sales business in India. Not only this, the company is also working on digitizing the business of MSMEs.

Corona virus epidemics have caused damage to companies around the world. World-class tech companies Amazon, Facebook and Alphabet have reported April-June quarter results. Meanwhile, a good news for India is that Amazon, Facebook and Alphabet have mentioned India as the largest investment sector. These companies are investing to capitalize on the emerging opportunities in India. These companies are leveraging partnerships to capitalize on the rapidly emerging business opportunities in the country and take the experiences gained from it to other markets.

Facebook

Companies have underlined the importance of the Indian market in their interactions with their investors. That is, foreign companies are serious about investing in India. Facebook has invested in Mukesh Ambani’s Jio Platforms to capitalize on the emerging opportunities in India. In this context, Facebook’s Chief Executive Officer (CEO) Mark Zuckerberg, while referring to the investment in Jio Platforms, said that his company is excited about the opportunities in India. He said that this partnership will help thousands of grocery stores and small businesses in India to get on WhatsApp and do business.

Alphabet

Speaking to investors, Sundar Pichai, the head of Google’s parent company Alphabet, said that his company has announced a ‘Google for India’ digital fund to help Indian Internet users. Through this effort, Google will invest about $ 10 billion (75 thousand crore rupees) in the next five to seven years. Pichai said, ‘We will help in providing information in local languages ​​and will use technology and artificial intelligence in important areas like health, education and agriculture. Investment in Jio platforms is the first partnership under this fund and will provide smartphones to millions of users in India. ‘

Amazon
Brian T. Olsavsky, CFO of Jeff Bezos’ company, Amazon, said in this context that India is the most important investment destination. He said that we are investing in new countries. But the maximum investment by Amazon will be in India. It may be noted that the company has also recently invested in the Middle East, Brazil, Turkey and Australia, but this is lower than in India. Dave Fildes, the company’s director investor relations, said that Amazon is focusing on the sales business in India. Not only this, the company is also working on digitizing the MSME business.

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