Modi to Meet Zuckerberg to Boost Indian Internet Connectivity
DELHI – Facebook founder and CEO Mark Zuckerberg will today wind up his two day visit to India with a meeting with Indian Prime Minister Narendra Modi. Mr Zuckerberg is in New Delhi to address the first two-day long summit on “internet.org”, his ambitious project to bring connectivity to the world’s billions who currently live without.
India already has some 250 million internet users (expected to jump by another 300 million by 2018) and is the world’s fastest growing smartphone market. However, this accounts for only a small portion of the Asian Giant’s near 1.3 billion population, 45 percent of which live in rural areas with little to no electricity.
As such, internet penetration currently stands at a mere 13 percent, meaning there exists an as-of-yet totally unsaturated and rapidly growing market. With China warily keeping Facebook behind its firewall, India is seen as the next great frontier and is already the social networking site’s second biggest market, after the U.S.
No doubt Mr Zuckerberg has noted that, despite steady increases of profits from Facebook’s India operations (the 2013 financial year saw a 63 percent rise), the revenue contribution from a country that already makes up over 8.2 percent of the social network’s user base is only 0.29 percent. Turning this around is likely high on the young CEO’s agenda. He will be hoping to forge ties with the government and local telecoms operators, discussing how to provide affordable, local language based content to hard to reach places.
Mr Modi is himself an avid user of social media, which he manipulated skilfully during his successful election campaign. He is vocal in his championing of a “free and open” internet, and has, since its cabinet clearing in August, been pushing his “Digital India” initiative, which aims to improve life and connectivity throughout the country by transforming India into a connected knowledge economy.
The Asian Superpower’s underdeveloped infrastructure still poses a barrier to Mr Modi’s and Mr Zuckerberg’s vision, but the Indian PM has been taking great strides to remedy this. Facebook , currently on a hiring spree in India, is not the first Internet giant showing an interest in the country’s young, tech-savvy population and its vastly unsaturated market. In the last two weeks alone, Amazon founder Jeff Bezos and Microsoft boss Satya Nadella have both made pilgrimages there.
The digital revolution is already upon us, and it will be the next 5 billion from countries like India leading the way.
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