Google to invest US$10b in India

Pichai: Investment is reflection of confidence in India

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:

  1. Enabling affordable access and information for every Indian in their own language
  2. Building new products and services that are deeply relevant to India’s unique needs
  3. Empowering businesses as they continue or embark on their digital transformation
  4. 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.