Reliance Jio’s Investment Is More Than the GDP of Three Countries
70 percent of the investment has been in cash, which is more than the combined GDP of Afghanistan and Bhutan.
Reliance Jio Infocomm, which claims to be the world's largest startup, has an investment that’s more than the combined gross domestic product (GDP) of three South Asian Association for Regional Cooperation (SAARC) countries.
Reliance Industries Ltd, the holding company of Reliance Jio, has invested close to $29.4 billion in the telecom venture, surpassing the combined GDP of Afghanistan, Maldives and Bhutan in 2016.
What's more, 70 percent of the investment has been in cash, translating to around $20.6 billion, more than the combined GDP of Afghanistan and Bhutan.
(This article was first published on BloombergQuint.)
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