Union Minister Ravi Shankar Prasad cheers Google's Rs 75k Cr investment plan in India

Union IT Minister Ravi Shankar Pras welcomed Google CEO Sundar Pichai's anuncement of an investment of Rs 75,000 crore into India through 'Google for India Digistation Fund' saying that company is ackwledging India's digital empowerment.

Speaking at sixth edition of 'Google for India' Monday afteron, Pras said, "I am very happy to learn that Google is making a huge investment in Google for India Digitisation Fund. Google today is a global brand and a platform of change, empowerment, invation information, and digital awakening... It is rising to occasion by investing a fairly substantial amount in Indian Digital transformative fund. Sundar Pichai who is heing Google is a powerful symbol of creative potential of India's human resource."

Immense scope for Google

Pras went on to say that India is important in present world because it has a "stable democracy, an open society and seeking to transform lives of ordinary Indians with power of techlogy". He expressed confidence that Google's fund is going to be used from creating digital infrastructure to promoting start-ups.

"I am very happy that Google is ackwledging India's digital empowerment, digital invation, and need to create furr opportunities. I am quite clear that re is immense scope for Google to undertake new initiatives in field of agriculture, wear prediction, healthcare, and digital education. se are great opportunities for 1.3 billion people which is full of invation, creativity, and entrepreneurship," he ded.

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Google’s confidence in India's future

Sundar Pichai 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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