Google in deals with Reliance Industries Ltd’s digital assets unit for investing around $4 billion. Google, the epitome of search engines is looking forward to shaking hands with a plethora of investors like arch-rival Facebook. This is for India’s gigantic yet budding internet market.

If investment is made, Mukesh Ambani will have raised 1.48 trillion since April 22nd. He already sold Jio Platforms Ltd stakes to world’s biggest investors.

Though this is the early stage discussions, however, it is expected that Google might buy more than 6 percent stake in Jio Platforms (from anonymous source).

Apart from Facebook, till today Jio Platforms has got investments from Intel, Qualcomm and private

equity firms like General Atlantic and KKR.

Back in May, Google discussed about strategy development with Vodafone. Google announced collaboration with Bharti Airtel in January for extending G-suite services for Airtel subscribers. Since then it has been working with Bharti Airtel.

Google’s proposed deal has got Morgan Stanley as the investment banker by Reliance Industries.

With 25.24 percent sold shares in only 11 weeks, Jio Platforms and Ambani investments are helping Reliance Industries to become debt-free before March 2021. These deals have got India in a position for M&A this year, accounting more than 12 percent from that in Asia-Pacific. It is the highest ratio since 1998 (Bloomberg reports).

Facebook has given Jio Platforms $5.7 billion as investment and Microsoft’s venture fund M12 also announced opening an office in India to give investment opportunities which will be focused on developing B2B software startups. Amazon at the beginning of the year said that it would invest around $1 billion in India and Intel would invest INR 1,894.50 crore for 0.39 percent Jio Platform’s stake.

Google said it has plans of investing more than $10 billion in India in the next 5-7 years through equity investments, partnerships, and arrangements for pacifying digitization in India.

As Google, Facebook, and Amazon are investing heavily in India to cement the future growth. These companies regard India to have the internet market potential like no other country. Therefore, assuming that growth is invincible in the coming years, the companies are ready to explore the market to incorporate services like video streaming, search, cloud hosting, and digital payments.