Google’s plan to invest $10 billion in India (2020)
In the next five to seven years Google are going to invest $10 Billion in India (2020)
Today at Google for India, Google CEO Sundar Pichai announced a $10 billion Google for India Digitization Fund to help accelerate India’s digital economy. (source)
In the next five to seven years as the search giant looks to help accelerate the adoption of digital services in the key overseas market.
The Chief executive of Google Sunder Pichai said today that, they are going to build up India for the next Digital era through Google funding.
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 (source)
Google For INDIA
In the view of Google India is a nation of around 1.3 billion people and an essential growing market, where every product and service of Google like Youtube, Android, and Google Search has tremendous uses.
- Indian Businesses go digital
One of the most exciting success stories has been the digitization of small businesses. Just four years ago, only one-third of all small businesses in India had an online presence.
Google is going to invest in Reliance Jio Platform under GoogleforIndia.
Today, 26 million SMBs are now discoverable on Search and Maps, driving connections with more than 150 million users every month.
What’s more, small merchants across the country are now equipped to accept digital payments. This has made it possible for more small businesses to become part of the formal economy, and it improves their access to credit. (source)