Legendary technology giant Google is right to invest $ 10 billion (about Rs 75,000 crore) in India in the next 5 to 7 years. Google is looking to expand its presence in the country and is digitizing itself rapidly. The company will make this investment in India through the 'Google for India Digitization Fund'. This was announced today by Sundar Pichai, CEO of Google's holding company Alphabet, at the program of the sixth edition of the company's 'Google for India'. Google said that it is committed to enable small businesses in India and develop unique products according to the needs of the country.
In this event organized in collaboration with the Ministry of Electronics and Information Technology, Pichai said, "We will make this investment through equity investment, partnerships and operations, infrastructure and ecosystem services." The event was also streamed live on Google India's YouTube channel. Pichai said, "This reflects our confidence in the future of India and its digital economy." This would be the largest investment in India by a company headquartered in California. In addition to indirect investment in the country through its centers and employees, Google has made direct investments in startups like hyper-local delivery app Dunjoy and e-commerce app Find. Capital G, the investment arm of Alphabet, has also invested in fintech company AY Finance and software services (SaaS) company Freshworks. The 'Google for India Digitization Fund' will primarily focus on four areas. First, to reach every Indian economically in their mother tongues such as Hindi, Tamil, and Punjabi. Its Indian unit is also developing new products and services as per the unique needs of India.
Pichai said the fund will also be used to enable businesses to continue their digital transformation and make better use of technology and AI in areas such as health, education, and agriculture.
Global tech giants like Facebook, Amazon, and Google are focused on India. The reason for this is that India has the largest number of internet users, while China has closed its doors to tech giants. In April, Facebook invested $ 5.7 billion for a minority stake in Reliance Jio, the largest foreign direct investment in technology in the country. Earlier this year, Jeff Bezos of Amazon committed to invest $ 1 billion to go online to the country's small business.
In this virtual program, Electronics and IT Minister Ravi Shankar Prasad said, "Google has great potential for implementation and new initiatives in the fields of agriculture, weather forecasting, health care, and digital education. I am confident that with this new fund Google will further encourage our startup. ' Pichai discussed many innovations in India, including Google Pay or GPay. He said that Google Pay has set global standards in digital payments. Last year, he also spoke about the Bolo app introduced to help children learn a new language in India. Along with this, we also told about the flood forecasting system, etc.
Google shared the exciting success story of digitization of small and medium businesses in India and made it available on search and maps. Pichai said that we connect more than 15 crore businesses and customers every month through calls, online and direct requests. Google also announced the launch of an Edutainment series with Prasar Bharati, which will explain how small businesses can adopt digital tools.
Apart from this, Google, along with the Central Board of Secondary Education, will prepare 10 lakh teachers from 22,000 schools across the country by the end of the year, both online and in physical classrooms. It will use free tools like G-Suite, Google Classroom, and YouTube. Google also shared the work done in India since Covid-19.
BPSC Protest: JDU jumped into Prashant Kishor's case, and advised about going on a hunger strike
JDU's chief spokesperson and member of the Legislative Council Neeraj Kumar has targeted the fast unto death of Prashant Kishore (PK), the mastermind of the Jan Suraj Party. He said that PK's movement
Fierce protests despite government strictness in China: Glass bottles thrown at police in Guangzhou, anti-Jinping slogans raised
Despite the strictness of the police in China, the protest against the zero covid policy continues. A video has emerged from the city of Guangzhou in which a clash between protesters and police can be
BJP and its allies are delighted after seeing the exit polls in Maharashtra and Jharkhand, know what the opposition leaders said?
The exit polls for Maharashtra Assembly Elections 2024 have shown a tough fight between the Maha Vikas Aghadi and the Mahayuti. Reactions of the leaders have also come to the fore on this. Maharashtra
Major decisions on loudspeakers in Maharashtra: Now approval is necessary for loudspeakers at religious places; Hanuman Chalisa banned near mosque in Nashik
An important decision has been taken between Maharashtra Navnirman Sena and the ongoing tussle in the government on Ajan and Hanuman Chalisa in Maharashtra. The government has ordered that before
Kisan Andolan: Metro Man E Sreedharan is in opposition to the farmers' movement, know what he said
Kisan Andolan: In protest against the three agriculture laws of the central government, the protest demonstration of farmers is going on at the UP Gate from 28 November. Metro man E. Sreedharan is
Agra University: The fee of MA courses was reduced by 10 thousand rupees per semester, a big relief for students
The fees for MA courses conducted at Pandit Deendayal Upadhyaya Rural Development Institute located in Paliwal Park campus of Dr. Bhimrao Ambedkar University, Agra have been reduced. Students will
Indian rupee stings in the world: Many countries have approved transactions in Indian currency, know how it benefits you
The Government of Sri Lanka has also approved the Indian Rupee as an international currency. Now trade between India and Sri Lanka will be possible in Indian currency. Not only this, Indian citizens
Pran Pratishtha: No entry in Ayodhya from today, only invited people will be able to go, special bus trains will run after 23
Given the consecration of life in Shri Ram Temple, traffic diversion will be implemented from midnight on Friday. Due to diversion, vehicles coming from Lucknow, Gonda, Basti, Ambedkarnagar,
Weather Update Today: Now the monsoon will be kind in the Ganges plain, know the latest weather conditions
After submerging all the areas of the country, the monsoon is now going to be kind on the plains of the Ganges. Due to this, the process of rain will intensify in states like UP, Bihar, Punjab,
Active cases in the country cross one lakh again: WHO warning - the epidemic is not over, infection increases again in 110 countries
The ever-increasing new cases of corona in some states of the country have raised concern. Meanwhile, the World Health Organization (WHO) has warned that the risk of an epidemic is low, but the
