Google To Invest $10 Billion In India, What Does It Mean For Us?

On Monday, Google Chief Executive Officer Sundar Pichai said the tech giant will make a $10 billion investment into India over a course of 5-7 years. This is the company’s attempt to expand its business in this fast-growing market.

The investment in under the project Google For India Digitization Fund, committing to partnering with other firms in India and investing in its startup scene, ecosystem, operations, and infrastructure.

During an online announcement event for the fund, Pichai said:

“This is a reflection of our confidence in the future of India and its digital economy.”

Sundar Pichai was an India that immigrated to the United States to attend Standford University. The investment will be using Google’s capabilities in AI, aiming at advancing areas like agriculture, health, and education. This way, Indians will be able to use digital services in their languages like Tamil, Hindi, and Punjabi. The $10 billion amount will also help empower Indian entrepreneurs to make new products to meet local people’s needs and help businesses in digitization.

The search giant announced the investment at a time when Indian is a major focus for tech giants from Silicon Valley. The country has over 1.3 billion people but half of them don’t have access to the Internet.

Apart from Google, Facebook announced in April to invest $5.7 billion in Jio Platforms. The social giant hopes to use WhatsApp to allow for digital payment at Jio-owned stores for Indians.

Investments in this country are important for Facebook and Google as they are trying to get a solid position in the emerging country. Helping people get online is good and beneficial for Google’s business. The more people use the internet, the more new customers it can get to use its apps and services like Google Maps and YouTube.​

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