Google CEO Sundar Pichai on Monday announced a $10 billion investment in India at Google’s live virtual event for India. The event focused on helping to accelerate India’s digital economy with this investment over the next five to seven years.
“Today I am delighted to announce the Google for India Digitization Fund. Through this effort, we will invest 75,000 crores, or approximately $ 10 billion, in India over the next 5-7 years. will be achieved through a combination of equity investments, partnerships, and operational investments in infrastructure and ecosystems. This reflects our confidence in the future of India and its digital economy, “said Pichai.
First, the investment of Rs 75,000 crores will focus on aid to provide affordable access and information to every Indian, regardless of language. Second, India’s unique needs must be met with products and services. The huge investment will also help local businesses move towards digital transformation. In addition, he will work on the use of artificial intelligence (AI) in areas such as health, education, etc.
One of the examples cited by the Pichai is the AI flood forecasting system which will help to warn and evacuate areas that may be affected by the natural disaster. Additionally, a reading tutor app powered by AI Bolo aka Read-Along to helps kids read and learn on their own.
The 48-year-old man shared the success of programs like Internet Saathi and claimed that he had helped more than 30 million women across India to acquire digital skills and integrate them into their lives and into communities.
Pichai also praised Prime Minister Narendra Modi for implementing his Digital India vision, which has made the Internet accessible to one billion Indians via cheap smartphones, affordable data, and world-class telecommunications infrastructure.