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Google Announces To Invest $10 Billion In Digital India

Google For INDIA

Google Announces To Invest $10 Billion In Digital India

Today, Google CEO Sunder Pichai announced in an online event, "Google For India 2020," that the company will invest Rs 75,000 crore ($10 billion) in India in 5-7 years. The fund will be spent, said Pichai, on upscaling of Google's digital India mission. 

The investment will use to build products and services for India, help businesses go digital, and use technology "for social good."

"This is a reflection of our confidence in the future of India and its digital economy," Mr. Pichai said.

With more than 500 million active internet users in the country, India is perhaps the biggest potential growth market for Google.

The investment will be made through the Google for India Digitisation Fund.

“Today, I’m excited to announce the Google for India Digitization Fund. Through this effort, we will invest 75,000 crore, or approximately $10 billion, into India over the next 5-7 years. We’ll do this through a mix of equity investments, partnerships, and operational, infrastructure, and ecosystem investments. This is a reflection of our confidence in the future of India and its digital economy, “ Pichai said at the Google for India online event.

Investments will focus on four areas important to India’s digitisation:
  • First, enabling affordable access and information for every Indian in their own language, whether it’s Hindi, Tamil, Punjabi or any other.
  • Second, building new products and services that are deeply relevant to India’s unique needs.
  • Third, empowering businesses as they continue or embark on their digital transformation.
  • Fourth, leveraging technology and AI for social good, in areas like health, education, and agriculture.

"We look forward to working alongside Prime Minister Modi and the Indian government, as well as Indian businesses of all sizes to realise our shared vision for a Digital India, Pichai said."

If you missed the event, then watch here

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