Today's Paper

Will invest $10 billion in India, says Google chief

Focus will be on digital economy: Pichai

Technology giant Google will invest $10 billion (Rs. 75,000 crore) in India over the next five to seven years with a focus on digitising the economy and building India-first products and services, its CEO Sundar Pichai said on Monday.

Speaking at the company’s annual event, Mr. Pichai, also the CEO of Alphabet (Google’s parent firm) said, “We’ll do this through a mix of equity investments, partnerships and operational, infrastructure and ecosystem investments. This is a reflection of our confidence in the future of India and its digital economy.”

Investments will focus on four areas key to digitisation — enabling affordable access and information for every Indian in their own language, building products and services that are deeply relevant to India’s unique needs, empowering businesses on their digital transformation journey, and leveraging technology and AI for social good in areas such as health, education and agriculture. Mr. Pichai also spoke with Prime Minister Narendra Modi via videoconference early on Monday. Mr. Modi tweeted that the interaction was “extremely fruitful”.

Recommended for you