Boost for Digital India: Google to invest $10 Billion in India

NEW DELHI: Google has for long been invested in India through its offices in Bangalore and Hyderabad. It has also launched India-specific services like Google Pay and Internet Sathi. Now, its Indian origin CEO Sundar Pichai has pledged to invest about $10 billion (Rs.75,000cr) into the country over the next five to seven years to push the Digital India initiative.

Pichai made these statements post his meeting with PM Narendra Modi on the Monday’s morning. He tweeted

PM Modi too, tweeted

After this in the evening, Mr. Pichai addressed the annual ‘Google for India’ virtual event where he emphasized the roadmap Google is to take in the future besides the initiatives it has done to date. This includes providing access to information in vernacular Indian languages, building products specifically for the Indian market, empowering businesses through the internet, and leveraging Artificial Intelligence and other latest technologies for social good.

Google’s investments here have been called the ‘India Digitization Fund’ where the company promises to invest in Indian businesses and initiatives for the long term. Google aims to help businesses and local governments to tide over this health crisis and subsequent recession due to the Coronavirus pandemic.

Google aims to learn whatever it can from India and replicate it throughout the world. For Google, the Indian market is crucial, especially with its population of over a billion people and the opportunities that arise with it.