Jio-Facebook deal a strong signal of India’s economic importance post the crisis: Anand Mahindra

Anand Mahindra, Chairman, Mahindra Group on Wednesday lauded Mukesh Ambani, Chairman, Reliance Industries Ltd for its recent deal with US tech giant Facebook.

Mahindra shared his opinion on Facebook’s recent acquisition of a 9.9 per cent stake in Reliance’s digital arm Reliance Jio on Twitter. The deal is good not only for the two countries but for the economy as a whole, the Mahindra chief said.

“Jio’s deal with Facebook is good not just for the two of them. Coming as it does during the virus-crisis, it is a strong signal of India’s economic importance post the crisis. It strengthens hypotheses that the world will pivot to India as a new growth epicentre. Bravo Mukesh!” wrote Mahindra on the micro-blogging platform.