Facebook CEO Mark Zuckerberg and Reliance Industries Ltd (RIL) Chairman Mukesh Ambani, during the virtual ‘Partnering for Digital India’ event, discussed 4G and 5G revolution, RIL-Facebook partnership and roles businesses can play to make India one of the top three economies in the next two decades.
The Facebook CEO said Reliance brought 4G revolution in India, and that 5G was now another big focus for the company. He said RIL has done a “truly remarkable” job in helping bring hundreds of millions of people onto the internet. Talking about new trends, Mark Zuckerberg said with 4G and coming 5G networks, video is becoming the primary way that people share. Zuckerberg said India is a “very special and important country” for Facebook. “Millions of people here use our products every day to stay in touch with friends and family. Whether it’s a WhatsApp message, or a Facebook post, or photos on Instagram,” he said.
The Facebook CEO said the company launched WhatsApp Pay in India in November and that it was possible only because of the UPI system and 140 banks associated with the platform. “India is the first country to do anything like this,” he added. Apart from having the biggest user base in India, Facebook made a major headway by partnering with RIL in April this year. Both Zuckerberg and Ambani lauded Prime Minister Narendra Modi’s contribution towards digitising India.