The Raj
Global tech companies are partnering with Reliance
Google invested $4.5bn in Jio Platforms. It aims to advance PM Modi’s vision of digital India. Facebook had already invested $5.7bn in Jio Platforms.
Facebook & Google have pooled in one third of $28bn. Facebook and Jio plan to drive commerce using Whatsapp. Google and Jio plan to build a cheap Android operating system for 350million Indians. Will Reliance’s pivot from industrial to information business turn it into a monopoly?
Shivam, a business analyst wrote on Twitter: Jio+Facebook+Google are combining forces and entering the arena of almost any startup and digital business that you can think of.
- Telecom
- Retail and Ecommerce (Powered by WhatsApp)
- Jio TV (alt to DTH and OTT)
- Online Education
- Healthcare (diagnostics and telemedicine)
- Digital Payments (WhatsApp powered)
- Media and Production
- Streaming (Music et al)
- Video Conferencing and Remote Working
- Smart Devices
- Smartphone Manufacturing (Google + Reliance to create a cheap one)
Financial analyst Vibhu Arya wrote that Indian government should ask foreign players to register as Indian entities. They should pay taxes and reinvest in the country. It will help local businesses become as big as China’s Tencent or Alibaba.
Dig deeper: Securing India’s digital future Link
