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.
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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.