Reliance Industries announced recently that Facebook, Inc. has acquired a 9.9% equity stake in Jio Platforms Ltd for Rs 43,574 crore.
The news has made headlines all over the mainstream media. And when our business tycoon and twitter-lover Anand Mahindra learned about it, he immediately took to Twitter to praise Reliance Jio’s deal with Facebook and Mukesh Ambani. Anand Mahindra in his tweet said Bravo Mukesh.
Anand Mahindra also explained the importance of the deal in a tweet and revealed the deal will not only be good for both corporate giants but also the country as it indicates the importance of India in the economic post-crisis.
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! https://t.co/5rIi6WOjWf
— anand mahindra (@anandmahindra) April 22, 2020
Earlier today, Mukesh Ambani in a video statement informed about the deal and wished for long-term cooperation between Jio and Facebook. He also said that the collaboration between Reliance’s Jio and Facebook will help in all-round digital transformation of India.
Well, already many companies have shown their willingness to shift their manufacturing facilities from China to India. Among all these news, the news of Jio’s deal with Facebook gives pace to the rumors will India emerge as a new economic superpower post COVID-19 crisis?
