$100m RIL-Meta JV agreed
Reliance Industries Limited (RIL) has announced on 29 Aug the expansion of its strategic partnership with Google Cloud to help shape India’s next leap with AI and build and scale enterprise artificial‑intelligence solutions for enterprises in the country as well as selected international markets.
Under the JV agreement, RIL and Meta have jointly committed to an initial investment of Rs.855 crore (~US$100 million) to capitalize the JV in ratio of 70% and 30% respectively.
Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited, said, “Partnering with Meta brings our vision of providing AI to every Indian and enterprise to life – by combining Meta’s most widely adopted open‑source Llama models with our deep expertise across multiple industries.
“We will democratize enterprise‑grade AI for every Indian organization – from ambitious SMBs to blue‑chip corporates, enabling them to innovate faster, operate more efficiently, and compete confidently on the global stage.”
Mark Zuckerberg, Founder and CEO, Meta, added, “We’re excited to deepen our partnership with Reliance to bring the power of open‑source AI to Indian developers and enterprises. Through this joint venture, we’re putting Meta’s Llama models into real-world use, and I’m looking forward to Meta expanding its footprint in the enterprise space as we unlock new possibilities together.”
Sundar Pichai, CEO, Google and Alphabet, elaborated, “At Google, we’ve long been investing in India’s digital future, and our partnership with Reliance and Jio has been an important part of how we do that. Our work together over the last decade has helped bring affordable internet access to millions. And now, we are building on this to help shape the next leap with AI. This is only the beginning, and we look forward to building India’s AI future together.”
Mukesh D. Ambani sees partnership with Google Cloud as a new chapter in India’s technology journey.
“By bringing Google Cloud’s AI capabilities to Jamnagar, supported by Reliance’s infrastructure, renewable energy, and nationwide network, we are laying the foundation for India to become a global leader in AI. Just as Jio and Google came together to democratize the internet for every Indian, we will now democratize intelligence for every Indian.” Fiinews.com
