Facebook acted as catalyst for record FDI in India: Mukesh Ambani

Reliance Industries chairman Mukesh Ambani today credited the record foreign direct investment (FDI) in India during the Covid pandemic to Facebook’s announcement in April to invest $5.7 billion (over Rs 43,574 crore) in the Jio Platforms.

“I have no hesitation in going on record that it is your investment that set the ball rolling. Not only for Jio, but for the Indian FDI which has been the largest-ever in its history. And our partnership between Jio and Facebook will actually demonstrate that it is great for India, Indians, and small Indian businesses,” the RIL chairman told Mark Zuckerberg, co-founder of Facebook, which also owns WhatsApp.