Google to invest $10 Billion dollar for digitization in India

Google to invest $10 Billion for digitization in India | Image Credit: India Today.

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Google’s fund is one of the most important investments by a US-based company in India. Earlier this year, Amazon said it’ll invest $1 billion in small business within the country by 2025. In April, Facebook invested $5.7 billion in India’s Reliance Jio Platforms in exchange for a 9.9% stake.The company noted that India has now quite 500 million internet users. The search giant also highlighted its efforts to spread information associated with coronavirus.
Pichai also said : “These investments will create thousands of jobs—including roles within Google, construction jobs in data centres and renewable energy facilities, and opportunities in local businesses in surrounding towns and communities.”

Google to invest  $10 Billion dollar for digitization in India |  Image Credit : India Today

Google CEO Sundar Pichai reported that his organization will put about $10 billion into creating advanced foundation and for financing development in India throughout the following five to seven years, he said on Monday, soon after holding a web based gathering with Prime Minister Narendra Modi.

"Today at #GoogleForIndia declared announced $10B digitization store to quicken India's computerized economy. We're glad to help PM @narendramodi's vision for Digital India – much obliged to Minister @rsprasad and Minister @DrRPNishank for going along with us," Mr Pichai, the 48-year-old Indian-American Google CEO, wrote in a tweet.

“This mission is deeply personal to me,” Pichai said. “When I was young, every new piece of technology brought new opportunities to learn and grow. But I always had to wait for it to arrive from someplace else. Today, people in India no longer have to wait for technology.”

Pichai added that the fund will invest through a combination of investments in equities, alliances, and investments in operations, infrastructure and ecosystems. That represents our faith in India ‘s future and its digital economy.

News Source: HindustanTimes

Today at #GoogleForIndia we announced a new $10B digitization fund to help accelerate India’s digital economy. We’re proud to support PM @narendramodi’s vision for Digital India - many thanks to Minister @rsprasad & Minister @DrRPNishank for joining us. https://t.co/H0EUFYSD1q

— Sundar Pichai (@sundarpichai) July 13, 2020

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