Pichai: Google to invest Rs 75,000 cr in India

Pichai Google to invest Rs 75,000 cr in India

Google Chief Executive Officer Sundar Pichai said to help accelerate India’s digital economy, the firm will invest a new Rs 75,000 cr in coming days. Pichai had a meeting with Prime Minister Narendra Modi and said we are proud to support PM Modi’s vision

Marking one of its biggest commitments to a growth market, the tech giant said the fund would be used over the next five to seven years through equity investments and tie-ups.

Taking the tweeter Pichai said “Today at #GoogleForIndia we announced a new $10B digitization fund to help accelerate India’s digital economy. We’re proud to support PM @narendramodi’s vision for Digital India – many thanks to Minister @rsprasad & Minister @DrRPNishank for joining us,”

“This is a reflection of our confidence in the future of India and its digital economy,” Pichai said on a webcast during the annual ‘Google for India’ event.

PM Modi wrote: “During our interaction, @sundarpichai and I spoke about the new work culture that is emerging in the times of COVID-19. We discussed the challenges the global pandemic has brought to areas such as sports. We also talked about the importance of data security and cyber safety.”

Also Read: Google removes 25 apps for phishing

A statement from his office said that during the interaction, the Prime Minister “remarked that India is amongst the most open economies in the world”.