Economic Times: Facebook-Jio deal shows India is a battleground for tech giants, says Sanjay Mehta
Video Interview Transcription: Q. What are the benefits of Facebook- Jio Deal that Do you see for India and the Indian economy?
A. From a Facebook perspective, this is a great story for WhatsApp. They have a great portfolio of companies to be it across WhatsApp and Instagram, and Facebook also has lots of users in India. This in combination with Jio gives them quite a lead in the Indian Internet Eco-system. The way I will look upon is that India is becoming a battleground for all tech giants, be it across Google, Amazon, and Facebook. Amazon was already very bullish on India and they invested heavily. Google had India on its priority always. Now, we will across an accelerated investment from Google coming across. Because of this investment, Facebook has really jumped multiple hoops in taking the lead in the Indian Internet Eco-system. So I believe it is a game-changer, lots of value creation will happen on this platform and I believe with the combination of JioMart and WhatsApp, it is going to be an omnipotent ingredient to create a platform for SME and Small Businesses.