Google said here on Monday that it plans to invest $10 billion in India in the next five to seven years as the search giant appears to expand its presence in the key overseas market.
Sundar Pichai, the chief executive of Google, today launched Google for India Digitization Fund through which it will be doing the investments in the country.
” We’ll do this through a mixture of equity assets, partnerships, and operational, infrastructure and ecosystem speculations. This is a reflection of our confidence in the future of India and its digital economy ,” he said at the company’s annual contest focused on India.
Investments will focus on four areas important to India’s digitization 😛 TAGEND
First, enabling economical access and report for every Indian in their own language, whether it’s Hindi, Tamil, Punjabi or any other Second, build new products and services that are deeply relevant to India’s unique needs Third, empowering industries as the committee continues or embark on their digital changeover Fourth, leveraging technology and AI for social good, in areas like health, education, and agriculture
India is a key overseas market for Google, where a range of its products and services including Search, YouTube, and Android have obligated inroads with much of the entire online population.
Though Google, like every other American tech monstrous, utters simply a fraction of its revenue from the world’s largest internet market.
More to follow…
Read more: feedproxy.google.com