With $5.7 bn investment in Jio, Facebook targets 60 mn Indian SMEs

Facebook jio patnership[src: itln.in]

With $5.7 bn investment in Jio, Facebook targets 60 mn Indian SMEs

On Tuesday, the multinational tech company, Facebook, reported spending $5.7 billion or Rs 43,574 crore in Jio Networks, part of Reliance Industries, rendering Facebook the biggest minority shareholder.

“Our mission is to offer businesses of all sizes new opportunities, but particularly for the more than 60 million small businesses across India. They account for much of the country’s workers, and they shape the heart and core of both rural and urban societies, “the Facebook release states.

src: itln.in

 

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