CEO of Google and Alphabet Sundar Pichai has announced a mega Rs 75,000 crore or about USD 10 billion for India in the next 5-7 years. After his video-conference with Prime Minister Narendra Modi, Pichai shared details of Google’s investment into India through a blog. He wrote
” 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. ”
On Focus Areas:
”Investments will focus on four areas important to India’s digitization:
- 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 ”
On Digital Way Forward
” Over the years, we’ve invested in many Indian businesses through Google, as well as through our growth equity investment fund CapitalG.
But India’s own digital journey is far from complete. 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.
Of course, all this progress was only possible because of a strong foundation of digital connectivity. Thanks to Prime Minister Modi’s vision for Digital India, the country has made huge progress in getting a billion Indians online. Low-cost smartphones combined with affordable data, and a world-class telecom infrastructure, have paved the way for new opportunities. ”