Mukesh Ambani addressed the conglomerate's shareholders and made a number of announcements at the RIL's 45th annual general meeting.
Reliance Industries’ Jio Platforms and Facebook parent Meta Platforms are rolling out a grocery delivery app using Meta’s WhatsApp messaging service as billionaires Mukesh Ambani and Mark Zuckerberg deepen their ties to expand their digital footprint across India.
The collaboration enables shoppers to browse through JioMart’s groceries, place orders and make payments without leaving WhatsApp, the partners said on Monday. The partnership dates back to 2020 when Facebook invested almost $6 billion for a minority stake in Jio Platforms.
“Our vision is to propel India as the world’s leading digital society,” Ambani, chairman and managing director, of Jio Platforms’ parent Reliance Industries, said in a statement on Monday. “When Jio Platforms announced our partnership in 2020, Mark and I shared a vision of bringing more people and businesses online and creating truly innovative solutions.”
Reliance Industries is expanding the group’s e-commerce platform, while building its mobile infrastructure across India. Reliance Jio Infocomm—the country’s No. 1 mobile carrier with over 380 million users—plans to invest 2 trillion rupees ($25 billion) to roll out 5G services in the world’s second most populous nation, Ambani told shareholders on Monday