WASHINGTON : Facebook's USD 5.7 billion investment in Reliance Jio in the midst of the coronavirus pandemic is a reflection of the faith that foreign companies have in the Indian economy's potential and future growth, a top US-based India-centric business advocacy group has said.
In an interview to PTI, US India Strategic and Partnership Forum (USISPF) president Mukesh Aghi said the COVID-19 crisis has offered India the best opportunity to attract foreign investment and replace China as the world's manufacturing hub. "I strongly feel that once the COVID-19 crisis ends, India will have the best opportunity to attract hundreds of these (foreign) companies into the country," Aghi said.