Fri. Mar 29th, 2024

On July 13, Google said that it will invest $10 billion in India over the next 5-7 years. Google announced its investment plan that is known as the India Digitization Fund.

Sundar Pichai, chief executive of Google said, ” 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”.

Through, these investments Google aims to make information affordable and accessible to every Indian in their own language, build new products and services that are distinctly relevant to India’s needs, empower businesses in their process of digital transformation, leverage technology and AI in the domain of social goods and services.

Pichai added, ” 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”.

Ravi Shankar Prasad, India’s electronics and information technology minister, said that Google was “rising to the occasion by trying to invest a fairly substantial amount in India’s digital transformation. I’m very happy that Google is recognising India’s digital innovation and the need to create further opportunity.”

Sanjay Gupta, the head of Google in India said, “We are recommitting ourselves to partner deeply and support India in becoming a truly digital nation”.

According to Caesar Sengupta, GM & VP of Payments and Next Billion Users at Google, Google will focus on “enabling more high-quality low-cost smartphones so that more people can access the internet to learn, grow and succeed.”

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