India remain a very attractive investment.
The Covid-19 crisis has laid bare the terrible inequality of global leadership. India has change this by creating a new paradigm of multilateral cooperation, as demonstrated by its participation at NAM summit and rushing medical supplies to 123 countries.
The current Covid-19 crisis has also laid bare the terrible inequality of global leadership in a multilateral world order, with the world’s most affluent countries preoccupied with battling the pandemic and its economic aftermath on the domestic front rather than fulfilling their global responsibility.
Even as companies the world over were struggling to cope with the COVID-19 pandemic, India’s Reliance Industries (RIL) and Facebook announced a deal in which the latter would acquire a 9.99 per cent stake in Jio Platforms, RIL’s wholly-owned subsidiary that houses its telecom venture and most of its digital assets, for $5.7 billion.
This is the largest investment for a minority stake in a technology company anywhere in the world, the largest foreign direct investment (FDI) inflow into India’s technology sector.
India has been quite a hot destination for investment over the past few years.
In the fiscal year 2018-19, India attracted $44 billion inbound FDI double of Vitnam.
As part of its absolute commitment to the Indian market, all devices that are sold in India are manufactured in India, Vivo said.