Google Plans to Invest 75000 Crore to Boost India’s Digital Economy.
Google organized its 6th “Google for India” event on July 13th and discussed about its vision for the digital transformation of the country and help with the ongoing covid-19 crisis.
During the event, Google and alphabet CEO announced to invest 75000 crore ($10 billion) in India over the course of 5–7 years.
Investments will focus on four key areas of India’s digitization which includes,
· Enabling an affordable access and information to every Indian in their own language
· Developing new products and services relevant to India’s needs,
· Empowering businesses as they continue to embark in digital transformation
· Leveraging technology and Artificial Intelligence in areas like healthcare, education and agriculture.
During his keynote, he also announced that apart from this investment, Google has planned to partner with CBSE (Central Board of Secondary Education) to train and up-skill around 1 million teachers to help them deliver a blended version of classroom and online learning to students with access to their free tools such as Google Classroom and YouTube.
Also to minimize the impact of covid-19 on education of almost 320 million children, Google has pledged $1 million to Kaivalya Education Foundation, working with CSF and TheTeacherApp. Together they are planning to train 700,000 teachers to provide education to children belonging to low income group.
Pichai said that the latest move is a reflection of the company’s confidence in future of India and its digital economy.”This is a reflection of our confidence in the future of India and its digital economy,” said Sundar Pichai.