Google Will Invest Rs 75,000 Crore In India For Digital Revolution; Launches TV Series On Doordarshan
As per recent developments, the leading search giant, Google, is planning to invest as much as Rs. 75000 crore in India.
The company’s CEO, who is of Indian origin, has confirmed this news too!
Where will this invested money be directed? Find out all the details right here!
Google To Invest Rs. 75000 Crores Towards India Digitization Fund: CEO Sundar Pichai
As revealed by Sundar Pichai, the CEO of Google, the technology giant will be investing Rs 75,000 crore in India.
This investment will be directed towards the India Digitisation Fund. Mr. Pichai has revealed the details in a blog, which is a transcript of his address during the annual Google for India event.
This investment will be spanned over the next 5 to 7 years. As per reports, the investments will be made through a mix of equities, partnerships and operational, infrastructure, and ecosystem investments.
He said that this reflects on the confidence of the company in the future of India and the country’s digital economy.
He also said, “As we make these investments, we look forward to working alongside Prime Minister Modi and the Indian government, as well as Indian businesses of all sizes to realize our shared vision for a Digital India.”
Investment To Focus On Four Areas Crucial For India’s Digitization
The investment will be focusing on four areas that are crucial for India’s digitization. The first one would be that every Indian will have affordable access to information in any language, be it Hindi, Tamil, Punjabi, or any other.
Next in line would be developing new products and services that are strongly relevant to the unique needs of the country. The third crucial area would be empowering businesses on their journeys of digital transformation. The last area would be leveraging technology and artificial intelligence for social good, especially in areas such as health, education, and agriculture.
Pichai also talked about the projects that were previously conducted in India, such as Internet Saathi, which is a rural awareness programme, and Read Along, which is a tutor app powered by Google Pay and AI.
In his blog, he states, “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.”
He also said that Google is eager to work with the Government of India.