Technology

Google for India 2020: Sundar Pichai announces Google for India Digitization fund worth $10 billion

July 13, 2020 02:37 PM

Google CEO Sundar Pichai at the company’s Google for India event announced a $10 billion fund to help boost the Digital India campaign.

The company will invest the money in the next five to seven years. Pichai said that the investment will be done through equity investments (CapitalG.), partnerships, operational and infrastructure ecosystem investments.

Called Google for India Digitization fund, the company will invest the money in the next five to seven years. Pichai said that the investment will be done through equity investments (CapitalG.), partnerships, operational and infrastructure ecosystem investments.

The investments will focus on four key areas. This includes providing information to all Indians in their own language. Second, Google will focus on building products that are relevant to India's unique needs. Third, it will help empowering businesses for their digital transformation. Fourth, Google will focus on leveraging technology and AI for social good.

“There’s no question we are facing a difficult moment today, in India and around the world. The dual challenges to our health and to our economies have forced us to rethink how we work and how we live. But times of challenge can lead to incredible moments of innovation. Our goal is to ensure India not only benefits from the next wave of innovation, but leads it. Working together we can ensure that our best days are still ahead,” Pichai said in his keynote.

 

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