US technology companies appear to be seeking a foothold in India’s telecom sector through acquisitions of minority stakes that could potentially shore up the fortunes of both.
This comes at a time when India’s online retail industry is seen at an inflection point due to the coronavirus pandemic, which has sharply boosted adoption of digital services.
Analysts say the discussions and buzz around partnerships between technology and telecom companies could mark a strategic shift, especially in the e-commerce sector.
According to a Morgan Stanley report released earlier this week, India’s e-commerce population could grow sharply post covid-19 and online penetration in grocery shopping could finally reach an inflection point, along with a surge