Technology giant Google has announced that it plans to invest over ₹75,000 crore($10 billion) in India over a period of 5-7 years. Google and Alphabet CEO Sundar Pichai made the announcement today at ‘Google for India’ virtual event. The Google’s investment in India will be made through equity investments and tie-ups, marking its biggest commitment to a growth market.
“Google unveils 4-step plan for 75,000 Cr INR digital fund for India: Sundar Pichai”
Pichai said that the latest move is a reflection of the company’s confidence in future of India and its digital economy.
Investments will focus on four key areas of India’s digitisation, he said. This includes,
- Enabling affordable access and information to every Indian in their own languages
- Building new products and services relevant to India’s unique needs
- Empowering businesses as they continue to embark in digital transformation
- Leveraging technology and Artificial Intelligence for social good in areas like healthcare, education and agriculture.
Pichai also added, “Our goal is to ensure India not only benefits from the next wave of innovation, but leads it. Working together we can ensure that our best days are still ahead.”