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How will Google invest Rs 75,000 crore in India?

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Google for India 2020 was the 6th annual event and the first virtual event held by Google in India. In the wake of the recent cross border tensions with China, India banned 59 Chinese origin apps, including Tik Tok and ShareIt. Indian government’s bold move has opened vast investment opportunities in India. After following the investment commitments made by other tech giants like Amazon and Facebook earlier this year in India, Google also hops on the investment train.

google for india
Google CEO announced Google for India ‘ digitization fund’ of Rs 75,000 crore (Image source: MarathiTech)

US-based tech major Google announced a Rs 75,000 crore ($10 billion) investment in India over the next 5-7 years. Google CEO Sundar Pichai made the statement at the ‘Google for India’ live-stream event held on July 13. He regarded the investment plan as Google for India ‘Digitisation Fund’.

According to Sunder Pichai, the investments will be made through a mix of equities, partnerships, and operational, infrastructure, and ecosystem investments. He further added that this financial backing would allow affordable access to information in major Indian languages; create new products and services; digitize local businesses; and apply Artificial Intelligence (AI) and technology in areas of health, education, etc.

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While stating the positive uses of AI technology, Sunder Pichai spoke about how the AI flood forecasting system warns and evacuates regions that may get affected by the natural disaster.

Prime Minister Narendra Modi discussed with Google CEO, as mentioned by him in a tweet. He also shared a picture of their virtual interaction.

Prime Minister Narendra Modi showed his fascination with the efforts made by Google in the areas of education, learning, and supporting Digital India. The emergence of new work culture in the backdrop of COVID 19, challenges brought by the global crisis in areas such as Sports; and the importance of data safety were also discussed in the meeting.

Google For India 2020

Google for India 2020 was the 6th annual event and the first virtual event held by Google in India. Due to an ongoing coronavirus crisis, the game was organized live on July 13.

As per Google, the event aimed to unlock “new opportunities as India heads into a new, digital-first future.”

google for india
(Image source: Gizbot)

Google and Alphabet CEO Sundar Pichai announced new investment plans in India for the next 5-7 years. He also appreciated Prime Minister Narendra Modi’s vision of Digital India, which has led to internet accessibility to a billion Indians through inexpensive smartphones, affordable data, and world-class telecom infrastructure.

With the new investment opportunities, Sundar Pichai said that Google is fondly anticipated to work along with the Prime Minister.

Google for India was attended by Union Communications, Electronics and IT Minister, Ravi Shankar Prasad, and Union HRD Minister Ramesh Pokhriyal Nishank.

Minister Ravi Shankar regarded Sundar Pichai as “a powerful symbol of the creative potential of India’s digital human resource.”

google for india
Union Communications, Electronics and IT Minister, Ravi Shankar Prasad (Image Source: India Today)

Minister Ramesh Pokhriyal talked about the education landscape in India. Google announced significant programs in the field of education and learning.

google for india
Union HRD Minister Ramesh Pokhriyal Nishank. (Image Source: DNA India)

Google is partnering with CBSE (Central Board of Secondary Education), a national level Board of Education in India. By the end of 2020, it will empower 1 million teachers and 22,000 schools across India to “combine classroom approach with online learning,” employing free tools like Google Classroom, YouTube, etc.

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Google India Country Head and Vice President, Sanjay Gupta, said,” Google has over 500 million users in India. It has worked in over 50,000 villages to educate users about COVID-19 through its internet Saathi initiative.”

google for India
Sanjay Gupta, Google India Country Head (Image Source: MediaNews4U)

In partnership with Prasar Bharti, it has also announced an edutainment ( education plus entertainment) series for small scale and medium businesses. Prasar Bharti is India’s largest public broadcaster. Doordarshan will broadcast the series to show how SMEs (Small and Medium Enterprises) are using technology to accustom to the changing scenario.

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