India’s largest wealthy billionaire businessman Mukesh Ambani, after announcing the Rs 43,574-crore Reelance Jio-Facebook deal, said the two companies would promote the use of WhatsApp to supply goods from neighborhood grocery stores to consumers and thereafter education and Cooperation in the health sector will be expanded. In a short video message posted on the group’s social media handle, he said, “We are all very happy to welcome Facebook to Reliance and Jio.”
Earlier in the day, Facebook announced a 9.99 percent stake in Ambani’s telecom company Jio with an investment of Rs 43,574 crore. Facebook wants to increase its presence in India, under which this investment is being made. “The combined power of Jio’s world-class digital connectivity platform and Facebook’s deep relationship with the Indian people will offer innovative solutions to all of you,” said Ambani.
Small grocery shoppers can increase their business
He added that in the near future, Jio’s digital commerce platform JioMart and WhatsApp will enable close to 30 million grocery shoppers to conduct digital transactions with their neighborhood customers. Ambani said, “This means that you can order all of the local shops in the neighborhood for everyday items and get goods faster.” With this, small grocery shoppers can expand their business and create new employment opportunities using digital technologies.”
The deal will help Reliance Industries Limited reduce its debt burden, while Facebook will get the second largest internet market in India after China. More than 400 million people in India use Facebook-owned WhatsApp and now the company wants to launch payment services. RIL Chairman and Managing Director Ambani said, “In the coming days, this alliance will also serve other key stakeholders of Indian parity – our farmers, our small and medium enterprises, our students and teachers, our healthcare providers and our women and youth, who have laid the foundation for a new India.”
Whatsapp—Dear Friend of we all
He said that at the core of the Geo-Facebook partnership is the commitment of Facebook founder Mark Zuckerberg and will help in India’s digital transformation. He said, “Our two companies together will accelerate the digital economy of India, to enable you and make you prosper.” Our partnership is to make India the world’s leading digital society. Facebook, WhatsApp and Instagram have become well-known names in India during the last few years. He said, “WhatsApp in particular has become a part of people’s daily vocabulary in all 23 official languages of India. Whatsapp is not only a digital application, but it has become a dear friend of yours and all of us. A friend who brings families, friends, businesses, information seekers and givers together.”