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 countrys tech investment ecosystem following the Centres clampdown on Chinese technology firms.
How will Google invest from the $10-billion fund?
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 Googles 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.
https://indianexpress.com/article/explained/google-10-billion-usd-investment-in-india-explained-6505026/
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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 countrys tech investment ecosystem following the Centres clampdown on Chinese technology firms. How will Google invest from the $10-billion fund? 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 Googles 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. https://indianexpress.com/article/explained/google-10-billion-usd-investment-in-india-explained-6505026/