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Jio-Facebook 5.7 deal will bring Customer-Business near

Updated: Jul 28, 2020


Reliance Jio and Facebook combination will create one more opportunity in digital space in India. The $5.7 Billion (Rupees 43,574 cr) deal will bring lot of opportunity and improve the life of crores of grocery shop’s owners coming days is what Mukesh Ambani and Mark Zuckerberg say. By this Facebook will be having 9.9% stake in Reliance Jio. Reliance’s JioMart and Facebook’s Whatsapp are coming together to provide digital space initially to kiranas(grocery shops) and later phase it will be extended to other stake holder of Indian society as said by Reliance chairperson Mukesh Ambani. Kisans (Farmers), small and medium Enterprises are targeted to utilize this opportunity. With the inspiration from Prime Minister Narendra Modi’s Digital mantra(goal) ‘Ease of Living’ for common Indians and ‘Ease of Doing Business’ for Entrepreneurs are what adapted and highlighted in this deal. Mark Zuckerberg also added that this deal will make Facebook a largest minority stake holder in Reliance Jio and coming days will provide digital tools to around 60 million (6 crore) small and medium entrepreneurs to grow their business and be in regular touch with their customers in their locality.

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