The CEO today shared his plan of investment on an annual Global India Meeting by saying, India’s digital journey is far from complete. ” “still more work to do in order to make the internet affordable and useful for a billion Indians”.
The plan is to develop accelerate digital services in the key overseas market by investing 10 Billion to the Indian Economy for the next five to seven years.
Mr. Pichai said, ” “We’ll do this through a mix of equity investments, partnerships, and operational, infrastructure, and ecosystem investments. This is a reflection of our confidence in the future of India and its digital economy,”
The four key areas of investments are:
- Enabling affordable access to every Indian in their own language across the country
- Building new product and services as per the needs and requirements of the people of the country
- Empowering business through Digital transformation
- use of technology and AI for social welfare. Such as in health, education, and Agriculture.
Earlier this year, Amazon would be pouring $1 billion into the Indian economy, followed by Facebook and Reliance Digital deal of $5.7 billion deal in April.
The 1.3 Billion population is expected to surpass China by 2027. Still hundreds of millions the countrymen do not have a smartphone. For Google, the 1.3 billion nation has the greatest untapped digital market which not only appealing to google but to the other tech giants in the World.