Meta Platforms and Reliance Industries Limited (RIL) have announced a joint venture to develop and deploy Llama-based enterprise artificial intelligence solutions in India and select international markets, with an initial combined investment of approximately Rs 855 crore (around $100 million).Under the agreement, RIL will hold a 70% stake in the joint venture while Meta will hold the remaining 30%.Also read: Uttar Pradesh CM Adityanath launches 'Project GANGA', pitches self-reliance over 'revdi' cultureThe JV will offer two core products: an enterprise AI Platform-as-a-Service that allows organisations to customise, deploy, and govern generative AI models for workflows across sales, IT, customer service, and finance; and a suite of pre-configured AI solutions for both cross-functional and sector-specific use cases.Separately, Reliance will build a 168 MW data centre that Meta will lease, with options to scale capacity.The partnership draws on Meta's open-source Llama model stack and Reliance's reach to thousands of enterprises and small and medium businesses across India. The JV will be able to deploy solutions across cloud, on-premises, and its own infrastructure.Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said the partnership would "democratize enterprise-grade AI for every Indian organization — from ambitious SMBs to blue-chip corporates."Also read: Morgan Stanley sees Reliance Industries’ AI, new energy bets powering next growth chapters. Here’s whyMeta CEO Mark Zuckerberg said the JV would put Llama models "into real-world use" and expand Meta's footprint in the enterprise space.The transaction is subject to regulatory approvals and is expected to close in the fourth quarter of 2025.