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