Pichai: Google to invest Rs 75,000 cr in India By Elets News Network - 13 July 2020

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.”

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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”.

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