Investing in India’s Digital Future: Google to invest $10 billion to digitise India, says CEO Sundar Pichai

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Tech giant Google has announced to invest over ₹75,000 crore ($10 billion) in India through equity investments and tie-ups over a period of 5-7 years.

Google CEO Sundar Pichai made the announcement today at ‘Google for India’ virtual event.

Addressing Google for India event, Pichai stated that the latest move is a reflection of the company’s confidence in future of India and its digital economy.

“Today, I am excited to announce Google for India digitisation fund. Through this effort, we will invest ₹75,000 crore or $10 billion in India for next 5-7 years,” Pichai said.

Investments will focus on 4 key areas of India’s digitisation. This includes:

1) Enabling affordable access and information to every Indian in their own language

2) Building new products as well as services relevant to India’s unique needs

3) Empowering businesses as they continue to embark in digital transformation

4) Leveraging technology and AI (Artificial Intelligence) for areas like education, healthcare, and agriculture.

Before Pichai made the announcements, he also had a video-conference with India’s PM Narendra Modi to discuss Google’s ideas for India’s digital future.