Ushering in a New Era: Google announces investment of $10 Billion in India

Ushering in a New Era: Google announces investment of $10 Billion in India

Under PM Narendra Modi ji's pro-growth, business-friendly & transparent governance, India becomes an attractive destination for FDI, & this investment will help in realising our vision of a Digital India.

Google has announced a big investment in the Indian economy. At the Google For India 2020 virtual event, Sundar Pichai announced the new $10 billion Google for India Digitization Fund.

Through this, Google will invest approximately $10 billion in India over the next 5-7 years. It will be a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments.

Pichai says this is a reflection of our confidence in the future of India and its digital economy.

Google has initiated its 2020 edition of India-specific announcements, with its first virtual keynote of Google For India. The event is being streamed live on YouTube, with Google CEO Sundar Pichai underlining Prime Minister Narendra Modi's vision of Digital India. On this note, Google is underlining the work it has done to bring over 26 million small and medium businesses online. Google is also underlining its work on spreading internet connectivity to the fringe areas of India, along with its work on using technology to promote education, agriculture and more.

 Sanjay Gupta, country head and VP of Google India further underlined all of Google's India specific announcements from earlier today. With a clear focus on education technologies, agriculture-specific AI application and technological implementations, Google signed off by stating that they want to make the internet "helpful for a billion Indians". With that, it's a wrap for 2020's India specific announcements from Google.