Google will invest € 10 billion in India: Sundar Pichai

• The comparison
• Tutorials
• Google will invest € 10 billion in India: Sundar Pichai

In a major short film on Prime Minister Narendra Modi's Digital India campaign, global technology leader Google today announced the Google for India Digitization Fund, through which it has pledged to invest Rs 75,000 billion, or around €10 billion. in India in the next 5 to 5 months. 7 years. In this case, Google is going big in India, which is at odds with its downsizing efforts in China. Announcing the fund, Sundar Pichai, CEO of Google and Alphabet, said: "We will do this through a mix of equity investments, partnerships and operational investments, infrastructure and ecosystems. This reflects our confidence in the future of India and its digital economy.Speaking (virtually) at the Google for India event, Sundar Pichai said that "all this progress was only made possible by a strong foundation of digital connectivity. Thanks to Prime Minister Modi's vision In the case of digital India, the country has made great strides in bringing XNUMX billion Indians online. Low-cost smartphones combined with affordable data and world-class telecom infrastructure have paved the way for new opportunities." He added: "While we make these investments, we look forward to working together with Prime Minister Modi and the Indian government, as well as with Indian businesses of all sizes to realize our shared vision of a digital India."

Today more than ever, every Indian business is becoming a digital business. @caesars talks about the many initiatives Google has put in place to help small businesses join the journey. Listen to his speech now: https://t.co/91wWrg5Vom#GoogleForIndia # G4IN pic.twitter.com/HBqvvQ50uyJuly 13, 2020

Focus on four areas.

As Google's efforts in India have deepened its understanding of how technology can benefit all kinds of people, Sundar Pichai said that building products for India helped us create better products for users around the world. Google's investments will focus on four important areas for the digitization of India: First, enable affordable access and information to all Indians in their own language, be it Hindi, Tamil, Punjabi or any other Second, create new products and services that are deeply tailored to the unique needs of India. Third, to empower companies as they continue or begin their digital transformation. Fourth, harnessing technology and artificial intelligence for social good, in areas such as health, education, and agriculture.

Today at #GoogleForIndia, we announced a new € 10 billion digitization fund to accelerate the digital economy in India. We are proud to support PM @ narendramodi's vision for digital India. Thanks to Minister @rsprasad and Minister @DrRPNishank for joining us. https://t.co/H0EUFYSD1q July 13, 2020

Small is big

Sundar Pichai was excited about the growth of small Indian businesses, if you will, and how Google could help them grow. “Just four years ago, only a third of small businesses in India were online. Today, 26 million SMEs are discoverable in research and maps, allowing more than 150 million users to connect each month. Additionally, small merchants across the country are now equipped to accept digital payments. This has allowed more small businesses to become part of the formal economy and improves their access to credit," he said.

Pichai's personal bond

(Image credit: Future) Sundar Pichai, who is Indian and did his engineering at IIT, Kharagpur, was able to see India and its development from a personal point of view. And he said it. "This mission is deeply personal to me," he said. "When I was young, every new technology brought new opportunities to learn and grow. But you always had to wait for it to come from somewhere else. Today people in India no longer have to wait for technology to come to you." A new generation of technologies is happening first in India. "From the excitement of young people using the latest apps and services, to the way people are using smartphones to improve life in rural villages, to the more than 2,500 Indian YouTube creators who each have more than one million subscribers, said Sundar Pichai.At the meeting it was revealed that Android and its related work alone could generate 1,6 million jobs in India.