GOOGLE FOR INDIA 2020: Google CEO Sundar Pichai announced a $10 billion Google for India Digitization Fund
3 weeks ago
Google For India2020- a virtual event by Google started today is the sixth edition of Google for India event and the first event to be held online. In the event, Google makes new announcements including updates on its existing services and products, and new initiatives custom-made for India.
In the event, Google and Alphabet CEO Sundar Pichai announced a $10 billion Google for India Digitization Fund to help accelerate India’s digital economy.
He tweeted 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.
Google Invests in Four areas
Through this effort, Google will invest Rs.75,000 crore, or approximately $10 billion, into India over the next 5-7 years through a mix of equity investments, partnerships, and operational, infrastructure, and ecosystem investments. This will boost the future of India and its digital economy.
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
Google CEO Sundar Pichai also said “As we make these investments, we look forward to working alongside Prime Minister Modi and the Indian government, as well as Indian businesses of all sizes to realize our shared vision for a Digital India. 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.”