Google plans to invest 10 billion in India
"Google plans to invest 10 billion in India"
US Technology Company Google plans to invest 10 billion in India in the coming years.
Google has announced a 10 billion investment in India over the next five to seven years. Earlier on Monday, Sundar Pichai, CEO of Google and Alphabet, announced plans to invest the money through a virtual program called 'Google for India'.
The investment is being made in India through infrastructure construction and share purchase. He said the investment plan was aimed at boosting India's digital economy.
He also said that a lifeline has been created online during the epidemic of Coronavirus, Covid-19. The first Google for India event was held in 2015.
Since then, this program has been organized every year. Monday's event was the sixth program. On Monday, Indian Prime Minister Narendra Modi had a discussion with Sundar Pichai.
During the discussion, various issues were discussed between them. Modi also discussed the role of technology in the corona virus.
Earlier, Amazon CEO Jeff Bezos had pledged to invest 1 billion during his visit to India and pledged help of 10 billion in exports over the next five years.
Google will invest in India, the world's largest power and market after China banned Google.
With more than 500 million active Internet users in India, Google is set to establish its market dominance. The investment will be made under the Google for India Digitization Fund.