January 20, 2021

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Google Announces Rs. 75,000 Crores Investment in India

Google Announces Rs. 75,000 Crores Investment in India, to Accelerate Digital Economy

Google will invest Rs. 75,000 crores (roughly $10 billion) in India over the next five to seven years, announced CEO Sundar Pichai at the annual Google for India event. This is the sixth edition of Google for India, and it took place virtually owing to the coronavirus pandemic. Pichai said that the funding would be provided through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments. These “investments will focus on four areas important to India’s digitisation,” Pichai added.
In a blog post, Pichai explained that the global pandemic has “supercharged the adoption of digital tools” in India. With the latest round of funding under the Google for India Digitisation Fund, the tech giant will focus on access to information in more Indian languages such as Hindi, Tamil, Punjabi, and more. Alphabet-owned Google will also develop new products and services that are “relevant to India’s unique needs.” The company added that it would support businesses to increase their digital footprint as well as leveraging AI-powered technology for social good in areas like health, education, and agriculture.
“There’s still more work to do in order to make the Internet affordable and useful for a billion Indians… from improving voice input and computing for all of India’s languages to inspiring and supporting a whole new generation of entrepreneurs,” Pichai said about the Google for India Digitisation Fund.