August 2020 \ Business & Investment \ FOREIGN INVESTMENT IN INDIA

Google CEO Sundar Pichai ...

  • Google CEO Sundar Pichai

Google CEO Sundar Pichai in July announced a Google for India digitisation fund through which, the company will invest Rs 75,000 crore or approximately $10 billion over the next five to seven years to help India go digital. “We will do this through a mix of equity investment, partnerships and an operational infrastructure ecosystem in India. This is a reflection of our confidence in the future of India and its digital economy,” Pichai said during the Google for India virtual conference.

The investment will focus on four areas important to India’s digitisation--first enabling affordable access to information to every Indian in their own language.

“Secondly we’ll focus on building new products and services that are deeply relevant to India’s unique needs. Third, empowering businesses to continue or embark on digital transformation. And fourth, leveraging technology and Artificial Intelligence for social good in areas like health, agriculture and education,” the Google CEO said. India’s Union IT Minister Ravi Shankar Prasad was also present during the conference.

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