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“Why did Facebook, why did Google…put in their money in Jio at a time when the world economy is in a mess, the Indian economy is in recession, why would they do it? Obviously because there is more than an economic angle,” said Thakurta. “It’s also I believe, indirectly… a political insurance of sorts.””That didn’t have anything to do with our investment in Jio or the partnership,” he said. “It really did come from recognizing that this was a special company that had done pretty amazing work in transforming the digital infrastructure of India in a short period of time.”From Ambani’s perspective, a wide-ranging coalition of some of the biggest names in tech is just a way to further Jio’s command over all aspects of India’s internet.The company already controls a lion’s share of the pipes through its vast mobile network. Through Facebook, it is working to integrate JioMart with WhatsApp, the only platform in India with a user base comparable to Jio’s. With Google, it’s gunning for control of mobile devices by jointly developing an “entry level, affordable smartphone” for India’s huge middle class. And it’s even got an eye on the chip technology that underpins those networks and devices through partners such as Qualcomm.

“As digitization of the Indian economy and Indian society picks up speed, the demand for digital hardware will grow enormously. We cannot rely on large-scale imports,” Ambani said last month. “I clearly foresee India becoming a major hub for a state-of-the-art semiconductor industry.”Qualcomm, a longtime Jio partner, joined the investment bandwagon by spending around $97 million in July for a 0.15% stake. Jio’s commitment to building out its own network while also developing a smartphone presented the chipmaker with a unique opportunity to get involved on both sides of Ambani’s internet access plan, according to Quinn Li, senior vice president and global head of the company’s investment arm Qualcomm Ventures.”If you look at operators across the world, not many are that vertically integrated,” he told CNN Business. “Given we’re the technology supplier to the industry, we’re I think best equipped to work with Jio both on the device front as well as infrastructure.”

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