17.7.2020 | Google to invest $10 billion in India
Google said on Monday that it plans to invest $10 billion in India in the next five to seven years as the search giant looks to expand its presence in the key overseas market.
Sundar Pichai, the chief executive of Google, today unveiled Google for India Digitization Fund through which it will be making the investments in the country.
“We will do this through a mix of equity investment, partnerships, and investment in local infrastructure,” he said at the company’s annual event focused on India.
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
India is a key overseas market for Google, where a range of its products and services including Search, YouTube, and Android have made inroads with much of the online population.
Though Google, like every other American tech giant, makes only a fraction of its revenue from the world’s largest internet market.