Reliance and Meta forge ₹855 crore AI joint-venture in India

Reliance Industries Ltd and Meta Platforms, Inc.-owned Facebook Overseas Inc today announced a joint-venture in India to develop enterprise-AI services. The new entity — Reliance Enterprise Intelligence Ltd (REIL) — will be 70 % owned by Reliance and 30 % by Meta, with a combined investment of about **₹855 crore**. The JV will design, market and distribute AI tools tailored for Indian enterprise applications. Analysts say the tie-up reflects accelerating AI adoption in India and global tech-players’ localization push. Execution and data-privacy compliance remain key watch-points.