Facebook Fuel for India 2020: What Happens In India Is Important For The Whole World – Zuckerberg

New Delhi: The world was keeping an eye on the conversation between the world’s biggest social media company – Facebook’s CEO Mark  Zuckerberg and India’s biggest business tycoon Mukesh Ambani. “What happens in India is important for the whole world,” said Mark Zuckerberg the first-ever Facebook Fuel event in India.

Zuckerberg added that India’s building local capabilities and tech capacity to power innovative new business models and provide the citizens access to digital financial inclusion. So, decisions that are made here shape the global discussion about how technology can drive more economic opportunity and better outcomes for people.

“At Facebook, we are in the business of serving small businesses. And nowhere is this more true than in India. With more than 60 million small businesses and millions of people around the country relying on them for jobs – these small businesses form a big part of what our partnership with Jio can serve here. This is especially important because small businesses in India will be a key part of the global economic recovery going forward. And we’re focused on making sure we build the best tools for them,” said Facebook founder.

Speaking about its alliance with Jio in India, Zukerberg said “One of the big opportunities I see with the partnership with Jio Platforms, is the role that we can play together in supporting the millions of small businesses in India – especially now with the impact that Covid is having. It is accelerating the move for a lot of businesses from physical storefronts to digital.”

In virtual meet with Zuckerberg, Mukesh Ambani said, “We are looking forward for your involvement in India… I hope the rest of the world learns from Indian policy.”

“I firmly believe that technology, with all the steps that India has taken will democratize wealth and value creation for individuals and small businesses. Through our partnership (Jio Platforms and Facebook), we will become a value creation platform for our customers and small businesses, giving them a chance to digitize and be at par with anybody else in the world.” Ambani said

Sharing his key learnings from his entrepreneurial journey, Ambani said, “For all the young people at Reliance and across India, my learnings from my father, three basic tenets really. One is, for entrepreneurs, it’s important to have courage and self-belief. The second piece is that, while you succeed, it’s important to always have empathy and creativity in everything that you do. And the final thing is the importance of relationship, trust, and loyalty.”