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Sundar Pichai announces Google for India Digitization Fund; to invest Rs 75,000 crore

New Delhi: In a big acceleration to the country’s digital economy, Google CEO Sundar Pichai has announced Google for India Digitisation Fund.

Through this, the Google will invest Rs 75,000 crore or approximately USD 10 billion into India over next 5-7 years. Sundar Pichai said that Google is proud to support Prime Minister Narendra Modi’s vision for Digital India.

Pichai tweeted, ” 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 – many thanks to Minister @rsprasad & Minister @DrRPNishank for joining us.”

“Today, I’m excited to announce the Google for India Digitization Fund. Through this effort, we will invest ₹75,000 crore, or approximately $10 billion, into 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,” he said.

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

Earlier today, Sundar Pichai had interacted with Prime Minister Narendra Modi. Pichai briefed the Prime Minister about the efforts undertaken by Google to help spread awareness and provide reliable information about COVID-19. He said that the strong step of lockdown initiated by the Prime Minister set up a very strong foundation of India’s battle against the pandemic

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