Join Hands to Build a Smarter India: Sign in | Join now
News

India is a Promising Market for Facebook, Says Sandberg

By SiliconIndia  |   Thursday, 03 July 2014, 06:10 Hrs   |    1 Comments
37
24
49
15
Print Email


BANGALORE: The chief operating officer of Facebook, Sheryl Sandberg, said, "No other country has the potential that India has”, also added that in India there are more than 100 million users and 1.2 billion users worldwide and she wants to ensure that access to Internet in India is faster, better and cheaper, reports Business Insider.



“India is Facebook’s second largest market, fastest growing market, and fastest growing Internet connectivity in APAC. It is of high priority for us,” Sandberg said.



The California based company has plans to set up a research and development facility in India. "We have started expanding our R&D slowly beyond the US. India is certainly a market we would look at. We have been investing in India and we are willing to invest more because the returns are so great to our global and local business. We also want to develop this market, and I think that will happen as people go online," she added.



Facebook's global technological advancement will continue to grow. Some of the developments in terms of technology and application that includes many things for 'Facebook for featurephones' were done in India.



Sandberg said, "It then rolls out to other featurephone-heavy markets. So we look to India to contribute to our global business.”



According to her, Facebook has already started monetizing in India and its growth phase is well on track. "Our goal is to grow while connecting the world," she added. However, Facebook is not present in China, the most-populated country.



Facebook is open to many acquisitions in India irrespective of its size, and it made its first acquisition in India in January this year by purchasing a Bangalore-based software product start-up, Little Eye Labs.



READ MORE: Twitter Buys Mobile Ad-tech Startup TapCommerce AND



How Bigger Galaxies Eat Smaller Ones



Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Ather Mohammad A
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Sign Up for DailyDose and Read the Day's Highlights
Write your comment now
Submit Reset
Reader's comments(1)
1: Yes. Facebook is most popular even compared to Twitter. But who uses most for what purpose is a point of debate. For Scientists like me,it is the best social media to share my comments published in leading International/National Journals and Newsletters. The present Government is giving top priority to Social Media to reach people with their policies and programmes. Compared to twitter(where you can't write more than two sentences),Facebook offers large space besides publishing pictures.
Dr.A.Jagadeesh Nellore(AP),India
Posted by:Anumakonda - 05 Jul, 2014
SiliconIndia About Us   |   Contact Us   |   Help   |   Community rules   |   Advertise with us   |   Sitemap   |  
News:       Technology   |   Enterprise   |   Gadgets   |   Startups   |   Finance   |   Business   |   Career   |   Magazine  |   Newsletter   |   News archive  
Cities:        CEO   |     Startup   |   Mobile   |   CIO   |   Women   |   BI   |   HR   |   SME   |   Cloud   |   Marketing   |   QA   |   Java   |   Web Developer  
Community:      Members   |   Blogs   |   Indian Entrepreneurs   |   Gyan   |   Advice   |   Community   |   Find   |   CXO Insights  
Job Board:      Jobs   |   Freshers   |   Companies   |   HR Speak   |   Forum  
Online Courses:   Web Developer   |   Java Developer   |   CCNA Training   |   SEO   |   SAS   |   SQL Server 2005   |   J2EE
Education:   MBA   |   MCA   |   Engineering   |   Training Institute
Life:          Real Estate   |   Travel   |   Finance   |   Gadgets   |   Movie Reviews   |    Jokes  
Send your feedback and help us continue to improve SiliconIndia
© 2014 InfoConnect Web Technologies India Pvt Ltd. all rights reserved