Google will invest ₹75,000 crore/ US$ 10 billion approximately in India to boost the country’s digital economy. The investment will be carried out over the next five to seven years.
The Google for India Digitization Fund will focus on the following areas:
- Enabling affordable access and information for every Indian in their own language.
- Building new products and services that are relevant to India’s unique needs.
- Empowering businesses and supporting them in their digital transformation.
- Leveraging technology and AI for social good, in areas like health, education and agriculture.
Sundar Pichai, chief executive officer (CEO) of Alphabet and its subsidiary Google said, “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.”
“As we make these investments, we look forward to working alongside Prime Minister of India, Narendra Modi and the Indian government, as well as Indian businesses of all sizes to realize our shared vision for a Digital India,” adds Pichai.
Earlier in the day, the Google CEO interacted with PM Modi to discuss the role of technology in transforming the lives of India’s farmers, youngsters and entrepreneurs.
PM Modi said, “During our interaction, Sundar Pichai and I spoke about the new work culture that is emerging in the times of Covid-19. We discussed the challenges the global pandemic has brought to areas such as sports. We also talked about the importance of data security and cyber safety.”
Watch the sixth edition of Google for India to learn more about the tech giant’s initiatives for the country:
Image source: Google