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.
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.