India’s tech tycoon, Google CEO Sundar Pichai announced a $10 billion investment in India on Monday at the Google for India virtual live-stream event. The event focused on contributing to accelerate India’s digital economy with this investment over the next five to seven years.
Under the fund, Google will invest roughly Rs 75,000 crore in India over the next 5-7 years. This such a major revelation from Google and their decision to invest in India when COVID-19 is derailing the limping Indian economy from day to day has surprised many economical analysts.
Considering this vital scenario, Pichai said, “This is a reflection of our confidence in the future of India and its digital economy,” He also said that the Google is proud to support the PM Modi’s vision of digital India and hope that the digitization fund will help accelerate India’s digital economy.
Pichai Sundarajan, the CEO of both Google and its parent company Alphabet was born in Madurai, Tamilnadu, and earned his degree for IIT Kharagpur in Metallurgic engineering. He joined in 2004 in google and was largely responsible for many of their innovations and developments such as Google Drive, Google Chrome, Chrome OS e.t.c until he was selected to become the next CEO of Google on August 10, 2015.
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