Google CEO Announces $10 Billion ‘GoogleForIndia’ Digitization Fund
GUWAHATI: CEO of Google, Sundar Pichai announced a $10 billion ‘GoogleForIndia’ Digitization Fund under which Google will invest about Rs 75,000 crores in India over the next 5 to 7 years.
"I am glad to announce – Google for India digitization fund – it's $10 billion dollars for India alone," Sundar Pichai 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. https://t.co/H0EUFYSD1q— Sundar Pichai (@sundarpichai) July 13, 2020
His announcement came in after his virtual meeting earlier today with Prime Minister Narendra Modi.
Google India Digitization Fund will be used for investments in Indian innovations and development of infrastructure and will focus on four major areas
- affordable access to Indian languages,
- building new products and services unique to India,
- empowering business,
- and leveraging artificial intelligence (AI) in health, education, and agriculture.
Google’s investment will comprise a mix of equity investments, partnerships and operational infrastructure in ecosystem investments said the Google CEO.