Google's Rs 75,000-Crore Fund To Help Accelerate India's Digital Economy

Joanna Estrada
July 13, 2020

Google is holding its sixth annual Google for India event today, and this time, thanks to the COVID-19 pandemic, it will be a virtual event.

"Today at #GoogleForIndia we announced a new $10B digitization fund to help accelerate India's digital economy".

An official company tweet revealed that other speakers will include Sanjay Gupta, Google India Country Head and Vice President, Caesar Sengupta, Google Vice President Payments and Next Billion Users and Sapna Chadha, Google Senior Country Marketing Director India and Southeast Asia. According to Google, this investment will help realise PM's vision of a Digital India.

Pichai added that the fund will invest through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments.

Pichai is the chief executive officer of Alphabet Inc and its subsidiary Google LLC. "For them, grocery delivery services have been invaluable-though I'm sure my grandmother misses haggling over the price of her vegetables in person", says Pichai.

Pichai did not confirm or deny rumours of stake acquisition talks in Reliance Jio or Vodafone-Idea and said the company will continue to build products out of India which will be scaled up globally like Google Pay.

Other reports by Click Lancashire

Discuss This Article