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Home Technology

Google Announces $10 billion Investment for India’s Digital Transformation

The Global Economics by The Global Economics
July 15, 2020
in Technology, Top Stories
Reading Time: 1 min read
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Google CEO Sundar Pichai made an announcement on Monday that the tech giant would be investing $10 billion into developing funding digital innovation in India over the next five to seven years.

With a boom in the Internet users in the country in recent years, India still has an untapped digital presence.

At the company’s annual event, Mr. Pichai said they will invest the money through equity investments, infrastructure and ecosystem investments, and partnerships. The investment will reflect Google’s confidence in India’s future and its digital economy.

Additionally, the investment will be focus on four major areas- affordable and easy access of information in local Indian languages, building products and services aimed at national interest, empowering businesses to get on digital platforms, and to promote social issues through technology.  Under what the company calls as the “next billion users”, its new products and services will be modified to cater Indians in a better way.

Google has already made some direct and indirect investments in Indian startups, such as the delivery app Dunzo, Practo, Where in My Train, Aye Finance and more. Earlier on Monday, Prime Minister Narendra Modi interacted with Mr. Pichai as they discussed a range of subjects like a new work culture in the chaotic times of coronavirus.

The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

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The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

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