Google is placing a big bet on India’s digital economy, becoming the latest tech giant to double down on a country perceived as the last major market for untapped growth
Google’s $10 billion fund
The search behemoth has announced plans to invest $10 billion in India over the next five to seven years, focusing on areas crucial to the country’s digitisation efforts.
What will the fund focus on?
Google for India Digitization Fund will focus on four key areas:
- Enabling affordable access and information in local languages like Hindi, Tamil and Punjabi among others
- Building new products and services relevant to India’s unique needs
- Empowering businesses on their digital transformation journey
- Using tech & artificial intelligence for areas like health, education, and agriculture.
The search giant will also use this fund to buy stakes in large Indian companies as well as niche digital service providers, Alphabet chief executive Sundar Pichai told ET in an exclusive interview.
“Using this fund, we want to build new products and services, invest in companies that build new products and services that are deeply relevant in India. We want to scale beyond English and other vernacular languages as well,” Pichai said.
Originally Published By Tech.economictimes.indiatimes.com