Meta to skill 1 crore small businesses, 2,50,000 creators in India

#Business, #Companies, #Facebook, #Meta

(Image Courtesy: Reuters)

Meta (formerly Facebook) on Wednesday said it aims to skill 1 crore small businesses and 2,50,000 creators over the next three years in the country through its Centre for Fuelling India’s New Economy (CFINE) in Delhi-NCR.

CFINE is housed in one of Meta’s largest offices in Asia that has been set up in the city. The new office will house various teams from Facebook, Instagram and WhatsApp.

“India’s not just the largest country for Facebook, WhatsApp and Instagram, it’s also where in many ways, the future of the internet is being shaped. We see this office as an opportunity for us to build a space that does not just house our largest team in the country, but will also be a space that deeply engages with the world outside,” Facebook India (Meta) Vice President and Managing Director Ajit Mohan told reporters here.

He added that CFINE – a multifunctional centre – will bring together all its products and efforts and its mission will be to use technology and tools being built by the company to fuel growth for creators, small businesses and entrepreneurs in the country.

Over the next three years, we will attempt to train and skill 1 crore small businesses and 2,50,000 creators through the centre. We realise this is no small task, but we recognise that we have an obligation to rise to the unique opportunity presented by the forces of technology transforming India, Mohan said.

He further said: This is an opportunity in line with the openness of India’s internet and the fundamental democratic values that drive institutions that we have benefited from. Minister of State for Electronics and IT Rajeev Chandrasekhar noted that technology is deeply and almost irreversibly changing the trajectory of the country.

Minister of State for Electronics and IT Rajeev Chandrasekhar noted that technology is deeply and almost irreversibly changing the trajectory of the country. while there will always be a debate about user harm, and all of the proliferations of problems that are created by the expanding internet, we must focus on keeping the internet open, safe and trusted and accountable in all ways and for all Indians, he added.

The minister said the power of the internet lies in its ability to fuel new economy, entrepreneurship and innovation, and in empowering youngsters.

We must mitigate user harm and ensure that the narrative around internet and technology continues to grow around the positivity that technology brings to the lives of so many people, the minister emphasised.

Chandrasekhar said all big internet companies have tremendous ability to influence the trajectory in good or bad ways for entrepreneurship, for citizens and indeed societies at large, and that technology must be harnessed for good.

News Related

OTHER NEWS

Victoria's Secret sold stake in China for $45 million, announces partnership with Regina Miracle International

Photo by: Victoria’s Secret/YouTube Victoria's Secret announced earlier this week that it would be selling a 49% stake in its business in China. The American lingerie, clothing, and beauty retailer ... Read more »

WeTransfer cancels IPO due to market turmoil

A day before WeTransfer was to be officially listed in Amsterdam, the site where large files can be shared decided to cancel the IPO. That has the parent company WeRock ... Read more »

Uttarakhand CM Pushkar Singh Dhami files nominations from Khatima

In his Independence Day speech, Uttarakhand CM Pushkar Singh Dhami had announced that the state will form a committee to bring and implement an effective law on population control in ... Read more »

Dubai regulator issues massive fine on Abraaj founder

The Associated PressFILE – Arif Naqvi, the founder and CEO of the Abraaj Group, speaks at the Bloomberg Global Business Forum, Sept. 20, 2017, in New York. A regulatory body ... Read more »

Australia's Woodside Petroleum pulls out of Myanmar projects

BANGKOK — Australia’s Woodside Petroleum is withdrawing from projects in strife-torn Myanmar, following a similar decision last week by Total and Chevron. Woodside put all its Myanmar activities under review ... Read more »

ED arrests Karvy Group Chairman C Parthasarathy in Rs 2,000-crore security scam

Representative image The Enforcement Directorate (ED), on January 27, arrested Chairman and MD of Karvy Group, Comandur Parthasarathy along with CFO, G Hari Krishna during the ongoing investigation in the ... Read more »

INOX CEO says January footfalls pushed back by a month or two; restrictions a cause for concern

Shutdowns in some states, restricted capacity in most markets and deferred releases are the concerns the cinema exhibition sector is dealing with because of rising COVID-19 cases due to the Omicron variant. ... Read more »

WeTransfer cancels IPO due to ‘volatile market'

WeTransfer is not going to the Amsterdam exchange after all. The company announced this in a press release on Thursday. WeRock NV, the owner of the tech company, thinks the ... Read more »

Samsung records record sales and invests heavily in chip production

Photo: ANP Technology group Samsung Electronics posted record sales last quarter thanks to growing demand for its smartphones, displays and memory products. The South Korean group also invested heavily in ... Read more »

What Facebook and Microsoft's big moves tell us about the metaverse: VR and NFTs continue to rise, and the US$68.7 billion purchase of Call of Duty's company Activision Blizzard is ‘nuclear'

This article is part of STYLE’s Inside Luxury column No topic has both intrigued and scared the luxury industry recently as much as the metaverse. In the last two weeks ... Read more »

Future Group to sell 25% in general insurance JV to Generali for Rs 1,253 crore; to exit insurance business

Representative image Debt-ridden Future Group will exit from the insurance business in a time-bound manner and plans to sell its 25 per cent equity in Future Generali India Insurance Company ... Read more »

Airtel Payments Bank customers' deposit surges 75% to Rs 1,000 crore in 2021

Money deposited with Airtel Payments Bank surged 75 percent to Rs 1,000 crore in 2021 as compared to the previous year, a top company official said. The payments bank had ... Read more »

WeTransfer cancels IPO

WeTransfer has spent more than a year working on the stock exchange plans with its banks, with it reportedly initially envisioning a market cap of more than $1 billion for ... Read more »

Tech company WeTransfer cancels IPO due to market turmoil

Photo: ANP Tech company WeTransfer is canceling its IPO in Amsterdam this Friday due to the unsettled market conditions on the stock exchanges. Share prices have fallen sharply recently due ... Read more »

Sachin Bansal-backed Navi Mutual Fund's US Stock Market Fund to be launched next week

Sachin Bansal Flipkart co-founder Sachin Bansal-backed Navi Mutual Fund (MF) will be launching its US Total Stock Market Fund of Fund next week, on February 4. The fund will give Indian ... Read more »

Pension funds have good year, can consider increasing payouts

Photo: Depositphotos.com Dutch corporate pension funds had a good year in 2021, despite the economic uncertainties, and the big five funds are no longer threatened with having to make cuts, ... Read more »

Watson's Seasoning Blends created and launched for plant-based cooking

Photo by: Watson’s Seasoning Blends Website Watson’s Seasoning Blends is the newest spice blend in town, and it was created to make plant-based cooking easier. The company is based in ... Read more »

Markets tumble as US Fed signals end of pandemic-era cheap cash

FILE PHOTO: Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen as a trader works on the trading floor at the New York Stock Exchange (NYSE) in ... Read more »

Renault-Nissan-Mitsubishi alliance say to deepen cooperations in EV production

File image: The logo of the Renault Nissan Mitsubishi. (Image: Reuters) Renault SA, Nissan Motor Co and Mitsubishi Motors on Thursday said they plan to deepen cooperation in electric vehicle ... Read more »

Music streaming investigation will examine market 'from creator to consumer'

The CMA sets out the areas it will examine, saying the market must work for the music industry as well as music lovers amid concerns about platform and music label dominance. Read more »

ABN AMRO does not have to compensate interest on interest

Photo: ANP ABN AMRO does not have to pay interest on interest when compensating customers who have paid too high an interest on a loan. This has been determined by ... Read more »

Pilots want October 15 declared National Aviation Day to honour JRD Tata's first flight

India Post issued a stamp in 1994, to commemorate J.R.D. Tata’s contributions to industry and the nation. Air India pilots who worked with him remember J.R.D. as strict but always ... Read more »

Tatas gets loan commitment from SBI-led consortium for Air India

A consortium of lenders led by State Bank of India (SBI) has agreed to provide loans to Tata Group for the smooth operations of loss-making Air India. Tata Group, which ... Read more »

McDonalds-Tesla interaction fire fake Grimacecoins on decentralised exchanges

“Do we want to have this car come with a steering wheel and pedals?” Elon Musk reportedly asked employees. The world of cryptocurrency has seen the conception of a new ... Read more »

Mahindra launches electric three-wheeler tagged at Rs 1.44 lakh

Mahindra Electric Mobility on Thursday said it has launched its new electric 3-wheeler e-Alfa Cargo, priced at Rs 1.44 lakh (ex-showroom Delhi). The launch of the e-Alfa Cargo marks the ... Read more »

Zoho launches Zillum, where families can email, collaborate more effectively on cloud

Sridhar Vembu (Illustration: Moneycontrol) Chennai-headquartered software firm Zoho-launched Zillum, a communication and collaboration platform for families, where they can email, message and collaborate effectively. On January 26, Zoho launched Zillum ... Read more »

Green hydrogen policy to be unveiled in next 10 days: R K Singh

Source: Twitter/@OfficeOfRKSingh The green hydrogen policy will be unveiled in the next 10 days featuring incentives like free transmission for 25 years to boost production of this clean source of ... Read more »

Almost 6000 employers have to repay full wage support: good for €160 million

The UWV benefits agency paid the money as an advance and wanted a final statement from employers before 10 January to see how much financial aid they are actually entitled ... Read more »

EasyJet sees bookings increase after British rules are relaxed

Photo: ANP Demand for airline tickets has increased since the British government announced it would relax the corona measures around travel. That says price fighter easyJet when publishing its quarterly ... Read more »

Ex-UK PM Gordon Brown: U.S. and Europe 'must do more' to address humanitarian crisis in Afghanistan

Former U.K. prime minister and current U.N. special envoy for global education, Gordon Brown, told CNBC that the world must come together to find the $4.4 billion needed to address ... Read more »

Budget 2022: How does the government's budget impact fiscal deficit and the value of financial assets?

(Photo by DEV ROY from Pexels) Covid-19 led to a massive transformation in fiscal and monetary policies across the globe.  The reason was pretty evident–to reduce the damaging impact of ... Read more »

Axis Bank share price rises for second day on better Q3 numbers

Axis Bank share price rose for the second day after the private lender announced better numbers for the quarter ended December 2021. At 12.36 pm, Axis Bank was quoting at ... Read more »

India Post needs a proper strategy to come out of the red: Experts

Financial services form a large chunk of the 150-year-plus India Post’s operations and revenue, and include banking, saving schemes and certificates, postal life insurance and the India Post Payments Bank ... Read more »

McDonald's to launch ‘menu hacks' fan-made food items

Photo by: McDonald’s Website McDonald's customers and fans have long been creating their own food using popular menu items being sold at the restaurant. For instance, many people have made ... Read more »

'Diabolical' prices: Inflation leaves working professionals out of pocket

By Hamish Cardwell of RNZ The new record inflation figures come as no shock to many, with rising housing, fuel and construction costs putting the pinch on even those with ... Read more »

Highest profit for Deutsche Bank since 2011

Photo: ANP Deutsche Bank, Germany’s largest bank, last year achieved its highest profit since 2011. The bank benefited from a good performance in the investment banking division, which deals with ... Read more »

Market tumbles 2% but foreign brokerages raise target price of these 5 stocks

After witnessing sharp recovery on January 25, the Indian benchmark indices tumbled over 2 percent each on January 27 after US Federal Reserve Chair Jerome Powell signalled interest rate hike ... Read more »

Job placements: SPJIMR places outgoing batch at average salary of Rs 32 lakhs, up 23%

A positive business environment and preparedness of the students helped in the increase in the number of offers Bharatiya Vidya Bhavan’s SPJIMR (S.P. Jain Institute of Management and Research) has ... Read more »

Subscribe to Adani Wilmar: Hem Securities

Representative image Hem Securities IPO report on Adani Wilmar Adani Wilmar Ltd is one of the few large FMCG food companies in India to offer most of the primary kitchen ... Read more »

India may need to spend 11% of GDP to meet Net Zero Goals: McKinsey 

Representative image India may need to invest about 11% of Gross Domestic Product (GDP) over the next three decades as the world makes the transition to the goal of net- zero ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic