Google to invest $10 billon in India over 5-7 years

Internet major Google said that it will invest $10 billion in India through a new digitisation fund over the next 5-7 years.

The investment will be done through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments, Google said.

Google CEO Sundar Pichai said that the investment will be made towards affordable access to information, building new products, empowering businesses to become digital, AI in health, education and agriculture.

"As we make these investments, we look forward to working alongside Prime Minister Modi and the Indian government, as well as Indian businesses of all sizes to realize our shared vision for a Digital India," Pichai said in a blog on Monday.

Pichai said that Investments will focus on four areas important to India’s digitization.

Firstly, he said, it will be used to enable affordable access and information for every Indian in their own language, whether it’s Hindi, Tamil, Punjabi or any other.

Second, it will be used to build new products and services that are deeply relevant to India’s unique needs.
The fund will also be used to empower businesses as they continue or embark on their digital transformation.

Pichai said that the fund will also focus on leveraging technology and AI for social good, in areas like health, education, and agriculture.