Google will invest Rs. 75,000 crore (about $ 10 billion) in India over the next five to seven years, announced by CEO Sundar Pichai at the annual Google for India. This is the sixth version of Google for India, and is almost caused by the coronovirus epidemic. Pichai said the fund will be funded through a mix of equity investment, partnership and operational, infrastructure and ecosystem investment. “These investments will focus on four areas critical to India’s digitization,” Pichai said.
In a blog post, Pichai reported that the global epidemic has “supercharged the adoption of digital devices” in India. With the latest round of funding under the India Digitization Fund for Google, tech giants will focus on access to information in Hindi, Tamil, Punjabi and more Indian languages. Alphabet-owned Google will also develop new products and services that are “relevant to India’s unique needs.” The company said it would support businesses to leverage AI-powered technology to enhance their digital footprint, as well as social wellbeing in areas such as health, education and agriculture.
From enabling access to empowering businesses to creating new products and services, Sundar Pichai talks about the areas of Google's investment in India's digitisation, at #GoogleForIndia.
— Google India (@GoogleIndia) July 13, 2020
Pichai said of Google, “There is still more work to be done to make the Internet affordable and useful for one billion Indians … for improving voice input and computing for all languages of India.” Bharat Digitization Fund.