Google to invest $10 billion in India in next five years
New Delhi : Google has announced that it is planning to invest around $10 billion in India in the coming five to seven years.
Chief Executive of Google, Sundar Pichai, on Monday unveiled Google for India Digitization Fund through which the company will be pushing in investments in India.
"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," he said via video conference at the company’s annual event focused on India.
The investments will be focused primarily on the following areas:
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
For Google India is a key market with around 400 million online users directly or indirectly using the Google services including Search, YouTube, and Android.
“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,” said India-born Pichai.