Google Plans to Invest Rs 75,000 crore in India in next 5-7 years to boost Digital India

Technology giant Google will invest Rs. 75,000 crore (around $10 billion), in India over the next 5-7 years to boost India’s digital economy
This announcement was made by Google and Alphabet CEO Sundar Pichai at the sixth edition of ‘Google for India’ virtual event on 13 July 2020.
The main focus of the Investments will be on four key areas:
- Enabling affordable access and information to every Indian in their own language,
- Building new products and services relevant to India’s unique needs
- Empowering businesses as they continue to embark in digital transformation
- Leveraging technology and Artificial Intelligence for social good in areas like healthcare, education and agriculture.
The dedicated ‘Google for India Digitisation Fund’, will be deployed for this purpose.
The investments will be made through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments.