Google will invest $10 billion in India over the next 5-years, Google and Alphabet, CEO Sunder Pichai announced at the Google for India 2020 event. The investments will help India to fulfill PM Narendra Modi’s digital campaign.
“Today at #GoogleForIndia we announced a new $10B digitization fund to help accelerate India’s digital economy. We’re proud to support PM @narendramodi’s vision for Digital India,” CEO, Google, and Alphabet Sunder Pichai wrote in a tweet.
Investments mainly cover under four categories:
*To offer affordable access to information in every regional language including Hindi, English, Punjabi, Tamil, Telugu, and more.
*Create products and services according to India’s need
*Empowering businesses as they continue or embark on their digital transformation.
*leverage technology and AI for social good, in areas like health, education, and agriculture.
India is the main attraction of the world’s second-largest market. Various tech giants including Facebook, Amazon already planned to invest billions of dollars in India’s market. In April, Facebook bought a 9.9% stake in Reliance’s Jio platform for $5.7 billion.