Google CEO Sundar Pichai announces $10 billion invesment in India

Daniel Fowler
July 13, 2020

Modi, on the other hand, appreciated the proactive role played by Google in battling misinformation and conveying information about necessary precautions. Along with that, Pichai also informed Modi about Google's plan to launch a large investment fund and develop strategic partnerships in India, according to an official release. He also talked about further leveraging technology in providing healthcare services. "During our interaction, Sundar Pichai and I spoke about the new work culture that is emerging in the times of COVID-19". The Prime Minister took to Twitter to state that the two spoke in particular about how India's farmers, youngsters and entrepreneurs can be transformed with the power of technology.

The second is to build new products and services that are deeply relevant to India's unique needs. He said that tech companies need to put in efforts to bridge the trust deficit. Digital payments have played a big part in the change, which includes Google Pay that uses UPI payments for money transfers and bill payments.

Google will invest Rs 75,000 crore ($10 billion) in India over the next 5-7 years under the Google for India Digitisation Fund, Mr Pichai wrote in his blog, a transcript of his address on a webcast during the annual "Google for India" event.

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Calling India's digital journey far from complete, Pichai announced the Google for India Digitization Fund that will invest almost $ 10 billion in India over 5-7 years. Through this, Google will invest approximately $10 billion in India over the next 5-7 years.

Google India Digitization Fund will be used for investments in Indian innovations and development of infrastructure, Sundar Pichai said.

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