Google to invest Rs 75,000 crore in India
- Editor Desk
- Jul 13, 2020
- 1 min read
Google CEO Sundar Pichai announced a $10 billion GoogleForIndia Digitisation Fund. The investment will be done through a mix of equity investments, partnerships and operational infrastructure in ecosystem investments, Pichai said.
The internet giant's investment will be done through a mix of equity investments, partnerships and operational infrastructure in ecosystem investments, he said. Pichai also stated that this is confidence google has in the future of India and its digital economy.
Google India Digitization Fund will be used for investments in Indian innovations and development of infrastructure, Sundar Pichai said.
Pichai said he wanted India not only to benefit from next wave of innovation but to lead it. Google, he said, will focus on the following four areas of investment;
- affordable access to Indian languages
- building new products and services unique to India
- empowering business, and
- leveraging artificial intelligence (AI) in health, education and agriculture
"Just four years ago, only one-third of all small businesses in India had an online presence. Today, 26 million SMBs are now discoverable on Search and Maps, driving connections with more than 150 million users every month. What's more, small merchants across the country are now equipped to accept digital payments. " Pichai said.
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