Reliance Jio-Facebook deal: Mark Zuckerberg says companies working on major projects in India

NEW DELHI: Facebook Chairman and CEO Mark Zuckerberg said that the partnership with Reliance Industries’ Jio Platforms will help people and businesses in India create new opportunities. He added that both companies will work together on some major projects that will open up commerce opportunities for people across India.

Facebook will invest Rs 43,574 crore into Jio Platforms, a unit of Reliance Industries, for a 9.99% stake. The investment will value Jio Platforms – a digital apps platform – at Rs 4.62 lakh crore.

“This is especially important right now, because small businesses are the core of every economy and they need our support. India has more than 60 million small businesses and millions of people rely on them for jobs.