Global investment giant BlackRock is expanding their reach with a partnership targeting its digital launch in India.
Standing out with its investment services, BlackRock officially announced a joint investment project with Jio Financial Services (JFS), one of the popular companies of India, on July 26. The companies plan to invest up to $150 million at half the rate.
Jio BlackRock talked about her goals
The project, named Jio BlackRock, aims to provide technology-enabled access to affordable and innovative investment solutions to millions of investors in India, according to the company’s announcement. The announcement stated that BlackRock will leverage its services in investment management, technology access, operations and marketplace. It was also stated that JFS will contribute to the digital infrastructure and execution studies.
Hitesh Sethia, CEO of JFS, discussed the recent developments and evaluated the partnership as follows;
“The partnership will leverage BlackRock’s deep expertise in investment and risk management, as well as JFS’ technology capability and deep market expertise to drive the digital distribution of products.”
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