Google’s ₹75,000-Crore Push Under Digital Innovation Fund To Accelerate India’s Digital Economy

New Delhi, July 13:  In an effort to augment technological development in India, Google has announced its plans on Monday to invest over ₹75,000 crore ($10 billion) over a period of five-seven years. Google and Alphabet CEO Sundar Pichai announced the move at a 'Google for India' virtual event. Google’s investment in the country will be initiated through equity investments and tie-ups which will make the technology giant’s biggest commitment to a growth market.

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. https://t.co/H0EUFYSD1q

— Sundar Pichai (@sundarpichai) July 13, 2020

Google for India Today is the sixth annual event to be held virtually in view of Covid-19 pandemic. The investment will enable affordable access and information for every Indian in their own language, whether it’s Hindi, Tamil, Punjabi or any other language. It will also go into building new products and services that are deeply relevant to India’s unique needs besides empowering businesses as they continue or embark on their digital transformation. The tech company will also leveraging technology and AI for social good, in areas like health, education, and agriculture. Also WATCH | Here's How Google-Apple's COVID-19 Exposure Notification Feature Works Meanwhile, Prime Minister Narendra Modi on Monday held discussed a wide variety of topics with Google CEO Sundar Pichai. The Prime Minister was delighted to know more about Google's efforts in sectors including education, learning and digital payments.

This morning, had an extremely fruitful interaction with @sundarpichai. We spoke on a wide range of subjects, particularly leveraging the power of technology to transform the lives of India’s farmers, youngsters and entrepreneurs. pic.twitter.com/IS9W24zZxs

— Narendra Modi (@narendramodi) July 13, 2020

ALSO READ | Google Will Now Not Let You Spy On Your Spouse As Per Updated Policy; Know All About It "This morning, had an extremely fruitful interaction with @sundarpichai. We spoke on a wide range of subjects, particularly leveraging the power of technology to transform the lives of India’s farmers, youngsters and entrepreneurs," PM Narendra Modi tweeted. Pichai and IT Minister Ravi Shankar Prasad will address the sixth annual edition of "Google for India" later during the day.