Google plan to invest 75,000 crore to accelerate Indian digital economy

Google to invest Rs 75,000 crore in India, says CEO Sundar Pichai

New Delhi: A new Rs 75,000-crore fund has been announced by Google to help accelerate India's digital economy, its Chief Executive Officer Sundar Pichai said today, asserting that "we are proud to support" Prime Minister Narendra Modi's vision.
Marking one of its biggest commitments to a growth market, the tech giant said the fund would be used over the next five to seven years through equity investments and tie-ups. 
"Today at #GoogleForIndia we announced a new $10B digitization fund to help accelerate India's digital economy. We're proud to support PM @narendramodi's vision for Digital India - many thanks to Minister @rsprasad & Minister @DrRPNishank for joining us," Mr Pichai, the 48-year-old Indian-American Google CEO, wrote in a tweet.


This is a reflection of our confidence in the future of India and its digital economy," Mr Pichai said on a webcast during the annual 'Google for India' event.

Investments will focus on four key areas of India's digitisation, he said. This includes, 1) enabling affordable access and information to every Indian in their own language, 2) building new products and services relevant to India's unique needs, 3) empowering businesses as they continue to embark in digital transformation, and 4) leveraging technology and Artificial Intelligence for social good in areas like healthcare, education and agriculture.