Google to be nvest $10 billion in India
This is a reflection of our confidence in the future of India and its digital economy, Sundar Pichai said.
By IAR Desk
Google plans to invest $10 billion in India over the next five years to seven years,as said by the search giant’s boss Sundar Pichai in an exclusive interview on Monday morning, reported the Asia News Agency (ANI). Google will use this investment to buy stakes in large Indian companies as well as in the niche digital service providers.
According to ANI, the announcement signals the company’s intent to scale up and boost the Indian operations and get a better grip hold on the Indian digital ecosystem. This comes right after Reliance Jio closed 12 rounds of funding in the last three months from marque investors including $5.7 billion from social media giant, Facebook.
Google plans to make this run through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments. This is a reflection of our confidence in the future of India and its digital economy, Pichai said.
Pichai further explained how the 75,000 crore investment will focus on help in enabling affordable access and information to every Indian irrespective of the language.Secondly, India’s unique needs to be met by products and services. The huge investment will also help local businesses to move towards digital transformation. Also, it will work towards using Artificial integellince(AI) in areas like health, education, etc.
Pichai also appreciated Prime Minister, Narendra Modi for the implementation of, Digital India which has made internet accessible to a billion Indians through cheap smartphones, affordable accessible data, and world-class telecom infrastructures.
