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Reliance Jio’s Investment Is More Than Three Countries’ Output

Reliance Industries has invested more than three countries’ GDP in its telecom unit.

Reliance Jio’s signage (Photo: <b>BloombergQuint</b>)
Reliance Jio’s signage (Photo: BloombergQuint)
Reliance Jio’s Investment Is More Than Three Countries’ Output

The Reliance Jio Infocomm, which claims to be the world's largest startup, has a total investment worth 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.