Sundar Pichai announces Rs 75k crore Google for India Digitization Fund
The fund will be invested in India over the next 5-7 years
At the Google for India 2020, Google and Alphabet CEO Sundar Pichai announced a Rs 75,000 crore Google for India Digitization Fund. The fund will be invested in India over the next 5-7 years.
"We’ll do this 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,” said Pichai.
Investments will focus on four areas important to India’s digitization:
First, enabling affordable access and information for every Indian in their own language, whether it’s Hindi, Tamil, Punjabi or any other. Second, building new products and services that are deeply relevant to India’s unique needs. Third, empowering businesses as they continue or embark on their digital transformation. Fourth, leveraging technology and AI for social good, in areas like health, education, and agriculture.
"As we make these investments, we look forward to working alongside Prime Minister Narendra Modi and the Indian government, as well as Indian businesses of all sizes to realize our shared vision for a Digital India. There’s no question we are facing a difficult moment today, in India and around the world. The dual challenges to our health and to our economies have forced us to rethink how we work and how we live. But times of challenge can lead to incredible moments of innovation. Our goal is to ensure India not only benefits from the next wave of innovation, but leads it. Working together we can ensure that our best days are still ahead,” Pichai added.
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