Google to invest $10 billion in India to build digital stake

The tech giant Google has declared that it intends to contribute over ₹75,000 crores ($10 billion) in India in the next 5-7 years period. According to the Economic Times, Google and Alphabet CEO Sundar Pichai made the declaration on 13th July at the virtual event 'Google for India”.  Google's infusion in India will be made through value ventures and tie-ups, denoting its investment into a growth market. 

 

CEO of Google's Parent company, Alphabet, Sundar Pichai has claimed that the most recent move is a symbol of the organization's belief in India and its digital economy. 

 

Pichai also added that this venture will concentrate on four key zones of India's digitization. This incorporates,

 

1) empowering moderate access and data to each Indian in their own language,

2) fabricating new items and services to serve India's one of a kind needs,

3) engaging organizations as they keep on setting out in digital change, and 

4) adopting innovation and Artificial Intelligence to promote social good in sectors like education, farming as well as healthcare. 

 

He also added that as the company makes these investments it anticipates collaborating with Prime Minister Modi and the Indian government, and also large and small Indian organizations to introduce them to their common vision for a Digital India 

 

Pichai stated that presently with 26 million SMBs being discoverable on Search and Maps, propelling connections with over 150 million clients consistently. Alongside this, the small merchants from the nation over are currently prepared to acknowledge digital payments. This has made it feasible for all the more private companies to become an aspect of the formal economy, and it improves their approach to credit.

 

He also added that the company aims to make sure that India not only gets an edge from the wave of advancement but also drives it.