Google India has just made a significant announcement Monday, July 13, 2020 at its digital “Internet for India” event. The company has announced as part of the announcement that it plans to spend $10 billion in the Indian market. At the time of writing, the investment number amounts to around Rs 75,000 Crore. Depending on the exchange rate the amount likely would change. This amount will be invested as part of a new “Google for India Digitization Fund” Despite that, the statement also noted that over the next five to seven years the company will make the invest.
Google for India announces Digitization fund; details
Looking at the launch, the specifics regarding the investment were also disclosed by Google CEO Sundar Pichai. Pichai issued an investment statement to hint at the areas the organization needs to concentrate on. The statement states, “We will do so through a combination of investments in equities, alliances, and investments in operations, infrastructure, and ecosystems. It is a reflection of our faith in India ‘s future and its digital economy. “The company will also ensure as part of the investment that Indian consumers can access the information in their own language. Whether the language is Hindi, Punjabi , Tamil or more doesn’t matter.
The firm also stressed the affordability aspect while accessing the details. Furthermore, Google must develop new products and services that meet Indian market’s specific needs. These will also partner with small and medium-sized companies to help continue their digital transformation journey, or even begin these.
Google also noted that it is working to exploit the new technologies like AI to concentrate its “financial good” attention These fields include market-wide wellness, education, and agriculture. Google India head Sanjay Gupta also posted a comment on the announcement as part of it. Gupta noted, “We ‘re committed to deeply partnering and helping India in becoming a fully digital country.” Several Google India executives shared information on ongoing initiatives to benefit users across trade, education, and more.
The business has also announced that it will team up with CBSE to train about 1 million teachers in 2020 for the Ability Education program. It has also highlighted its new program “Teach from Home,” which encourages educational institutions and schools to turn to interactive teaching methods. The investment was hailed by Ravi Shankar Prasad, Minister for the Ministry of Electronics and Information Technology and Law and Justice, while addressing the audience during an online event.