Google’s investment in India: The announcement assumes particular significance given the impending gap in the country’s tech investment ecosystem following the Centre’s clampdown on Chinese technology firms.
Tech-giant Google Monday announced plans to invest $10 billion in India over the next 5-7 years by way of equity investments, partnerships and other arrangements to “accelerate digitisation” in the country.
The announcement assumes particular significance given the impending gap in the country’s tech investment ecosystem following the Centre’s clampdown on Chinese technology firms.
Google said its $10-billion fund would focus on areas such as enabling affordable access to the Internet and to information for every Indian in their own language; building new products and services in segments like consumer tech, education, health and agriculture; empowering businesses, especially small and medium ones, to transform digitally; leveraging technology and artificial intelligence for digital literacy, outbreak predictions, and support for rural economies.
These investments will be made through a mix of equity investments, partnerships, operations, infrastructure and ecosystem investments. These include Google’s existing projects such as Internet Saathi for spreading awareness of the Internet in rural villages and an artificial intelligence-based flood forecasting system, among others.
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