Google will be investing US$10 billion in the Google for India Digitization Fund for the next five to seven years.
The fund will be used to drive digitalisation in India in four areas:
- Enabling affordable access and information for every Indian in their own language
- Building new products and services that are deeply relevant to India’s unique needs
- Empowering businesses as they continue or embark on their digital transformation
- Leveraging technology and AI for social good in areas such as health, education, and agriculture
“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,” wrote Sundar Pichai, CEO of Google, in a blogpost.
“As we make these investments, we look forward to working alongside Prime Minister Modi and the Indian government, as well as Indian businesses of all sizes to realise our shared vision for a Digital India,” he addeed.
Google’s goal is to ensure that India not only benefits from but leads the the next wave of innovation.