Today at “Google for India” event, Google CEO Sundar Pichai announced a ~$10 billion Google for India Digitization Fund to help accelerate India’s digital economy. Google will invest Rs 75,000 crore ( $10 billion approx) in India over the next 5-7 years, under this Fund.
The fund will be used to invest in developing infrastructure and funding digital innovation in India over the next 5 to 7 years. Google will invest this fund through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments.
In a blog post, Sundar Pichai further reveals that the 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
“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,” said Sundar Pichai CEO of Google and Alphabet.
Pichai was speaking at the sixth edition of Google for India conducted in collaboration with the Ministry of Electronic and Information Technology,
In addition to these, Google is partnering with CBSE, Skill Education and Training, to enable 1M+ teachers from 22,000 schools across India to deliver blended learning that combines the classroom approach with online learning.
From enabling access to empowering businesses to creating new products and services, Sundar Pichai talks about the areas of Google's investment in India's digitisation, at #GoogleForIndia.— Google India (@GoogleIndia) July 13, 2020
Watch the livestream now ➡️ https://t.co/91wWrg5Vom#G4IN pic.twitter.com/RmdfWRUmkn