business & economics

India Big Market For Google, Facebook, Amazon

BP World Bureau | Aug 01 2020
Image credits: Twitter

India is reported to be becoming a market of interest to the Big Tech companies such as Google, Facebook, and Amazon. These companies registered healthy profits in the April-June quarter amidst the COVID-19 pandemic. 

India found mention as an area of investment during the earnings call of all three companies, and all three corporate giants have already promised to invest in India.

Read: Maggi, Nescafe Sales Help Nestle Achieve 11% Increase In Profits 

Amazon chief Jeff Bezos visited India and announced his intention to invest $1 billion to help in digitising MSMEs (Micro, Small, Medium Enterprises).

Google announced a Rs 75,000 crore ($10 bn) digitisation fund, and Facebook was the first to pick up a 9.99% stake in Jio Platforms.