Google To Invest INR 75,000 Crores (Approximately US$10 Billion) In India
The tech giant company Google is investing INR 75,000 crores (approximately US$10 billion) to advance India’s digitisation over the coming 5-7 years.
Announced in a blog post, Google outlined a $10 billion investment in India’s digitization over the next five to seven years with its Google for India Digitization Fund. The fund will cover equity investments, partnerships, infrastructure, and operations. Investment areas will include Internet access, new products and services, SMB development, and leveraging AI for social good.
The blog post read, “Today, to help unlock this opportunity, we are deepening our commitment to India’s next chapter as a digital economy. Google will invest INR 75,000 crores (approximately US$10 billion) to advance India’s digitisation over the coming 5-7 years, with a new Google for India Digitisation Fund. We’ll do this through a mix of equity investments, partnerships, operations, infrastructure and ecosystem investments. We will focus on four areas that are important for India’s digitization. First, enabling affordable access to the internet and to information for every Indian, in their own language. Second, building new products and services that are deeply relevant to India’s unique needs including consumer tech, education, health and agriculture. Third, empowering businesses of all sizes, especially SMBs, as they continue or embark on their digital transformation. Fourth, leveraging technology and AI for social good, including digital literacy, outbreak predictions, and support for rural economies. “
“We are deeply inspired by India’s nation-building ambition, intellectual capital and spirit of enterprise. We look forward to being India’s committed partner in this journey — and to seeing India become the home of many global firsts in the coming years. “ Sanjay Gupta, Country Head & Vice President, Google India said in a blog post.