Google CEO Sundar Pichai on Monday announced an investment of Rs 75,000 crore in India over the next 5-7 years through ‘Google for India Digitization Fund’. “We’ll do this through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments,” Pichai said.
Investments will focus on four key areas of India’s digitization, he said. This includes, 1) enabling affordable access and information to every Indian in their own language, 2) building new products and services relevant to India’s unique needs, 3) empowering businesses as they continue to embark in digital transformation, and 4) leveraging technology and Artificial Intelligence for social good in areas like healthcare, education and agriculture.
As we make these investments, we look forward to working alongside Prime Minister Narendra Modi and the Indian government, as well as Indian businesses of all sizes to realize our shared vision for a Digital India,” he said.
“Today, 26 million SMBs are now discoverable on Search and Maps, driving connections with more than 150 million users every month. What’s more, small merchants across the country are now equipped to accept digital payments. This has made it possible for more small businesses to become part of the formal economy, and it improves their access to credit,” Pichai said.
Pichai also added, “Our goal is to ensure India not only benefits from the next wave of innovation, but leads it. Working together we can ensure that our best days are still ahead.”
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