Sundar Pichai announces Google’s $10 Billion fund for India’s digital economy
Google CEO Sundar Pichai on July 13 announced a $10 billion GoogleForIndia Digitisation Fund. Under the fund, Google will invest roughly Rs 75,000 crore in India over the next 5-7 years. “I am glad to announce – Google for India digitization fund – it’s $10 billion dollars for India alone,” Sundar Pichai said in a tweet.
The investment will be done through a mix of equity investments, partnerships and operational infrastructure in ecosystem investments, he said.
Pichai announced this investment after his virtual meeting earlier today with Prime Minister Narendra Modi. PM Modi had tweeted, “We spoke on a wide range of subjects, particularly leveraging the power of technology to transform the lives of India’s farmers, youngsters and entrepreneurs.
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. https://t.co/H0EUFYSD1q
— Sundar Pichai (@sundarpichai) July 13, 2020
This morning, had an extremely fruitful interaction with @sundarpichai. We spoke on a wide range of subjects, particularly leveraging the power of technology to transform the lives of India’s farmers, youngsters and entrepreneurs. pic.twitter.com/IS9W24zZxs
— Narendra Modi (@narendramodi) July 13, 2020