- Technology giant Google will invest Rs. 75,000 crore (around $10 billion), in India over the next 5-7 years to boost India’s digital economy
- This announcement was made by Google and Alphabet CEO Sundar Pichai at the sixth edition of ‘Google for India’ virtual event on 13 July 2020.
- The dedicated ‘Google for India Digitisation Fund’, will be deployed for this purpose.
- The investments will be made through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments.
The main focus of the Investments will be on four key areas:
- Enabling affordable access and information to every Indian in their own language,
- Building new products and services relevant to India’s unique needs
- Empowering businesses as they continue to embark in digital transformation
- Leveraging technology and Artificial Intelligence for social good in areas like healthcare, education and agriculture.