Facebook plans, wants to invest in India for a long time

Social media company Facebook has long been committed to investing in India. The company’s chief revenue officer said Monday that they will continue to offer new solutions for businesses so they can help increase their online presence. David Fisher, the company’s chief revenue officer, said the company had invested in India and made some unique deals that it had not done anywhere else in the world.

He said, “The most different thing about India is the pace of innovation and the changes and effects that are taking place here. That is why we have made a special investment here. We are making unique investments and deals here. ‘

Facebook is hosting the ‘Fuel for India 2020′ program. Facebook chief Mark Zuckerberg and Reliance Industries chairman Mukesh Ambani will discuss opportunities in India. The topic of their discussion will be the role of small businesses in digitizing and accelerating India’s economic growth. Fisher said India is the only country where Facebook has taken a minority stake in companies like Misho and Unacademi to promote digital innovation. In April, Facebook announced an investment of 43 5.7 billion, or Rs 43,574 crore, on Reliance Industries’ Geo platform.

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