Google CEO Sundar Pichai announces investment of $10 Billion in India

Google CEO Sundar Pichai anunced a new $10 billion Google for India Digitization fund to help accelerate India’s digital ecomy. Taking to Twitter, Pichai said that Google is proud to support Prime Minister Narendra Modi’s vision of Digital India after duo discussed various issues earlier today.

top executive said that company will invest Rs 75,000 crore into India over next 5-7 years through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments. He ded that huge investment reflects Google’s confidence in future of India and its digital ecomy.

Anuncing decision, Pichai wrote in a blog that mission of Google is to organise world’s information and make it universally accessible and useful. He ded that mission is “deeply personal” to him since, as a kid, he always h to wait for every new piece of techlogy to arrive from someplace else.

“Today, people in India longer have to wait for techlogy to come to you. A whole new generation of techlogies are happening in India first,” he wrote.

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'Difficult moment'

investment will focus on four important areas to India’s digitisation which includes enabling affordable access and information for every Indian in ir own langu. Building new products and services that are deeply relevant to India’s unique needs and empowering businesses as y continue or embark on ir digital transformation will be some of important areas. Pichai said that re’s question people are facing a difficult moment in India and around world.

"But times of challenge can le to incredible moments of invation. Our goal is to ensure India t only benefits from next wave of invation, but les it. Working toger we can ensure that our best days are still ahe," ted Pichai.

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(Im: AP )