Google India Digitization Fund: To invest Rs.75,000 crore to boost India’s digital economy


Google India Digitization Fund
Google India Digitization Fund

At this year’s Google For India virtual event, the company announced that it has created a new fund to help boost our country’s digital economy. It is called “Google India Digitization Fund” and you will see the company investing Rs. 75 million rupees (about 10 billion dollars) over the next 5 to 7 years.

Google has already made a number of investments in digital startups, including Dunzo, Aye Finance and many others, in India in recent years. The company will now focus more on the country “through a combination of capital investments, partnerships and operational investments in infrastructure and ecosystems,” Google CEO Sundar Pichai said in a statement. “This is a reflection of our confidence in the future of India and its digital economy,” he added.

‘Google India Digitization Fund’ will focus on four key areas of digitization in India. This includes easy access to technology in regional languages, new local services, digitization and social good. Rather than trying to rephrase everything, this is how Google lists these four areas of interest in its blog post:

  • First, allow every Indian to access and access affordable information in their own language, whether Hindi, Tamil, Punjabi or any other
  • Second, create new products and services that are deeply tailored to the unique needs of India.
  • Third, empower businesses as they continue or begin their digital transformation.
  • Fourth, leverage technology and AI for social good, in areas such as health, education and agriculture.

India is an important market for Google. One where he launched his first apps and services (Bolus, Read Aloud, and others) to empower students, women, and more. It provided them with easy access to the Internet to complement their education, job search and other opportunities.

Therefore, we can expect more regular investments in tech startups, NGOs, and other similar organizations in the coming years. “Our goal is to ensure that India not only benefits, but leads the next wave of innovation,” said Sundar Pichai.

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About Satvik Mishra

Hello, My name is Satvik Mishra and I am from Sitapur, Uttar Pradesh. I am currently studying and side by side I also own this website as well as also run a YouTube channel named Technology and Tricks with over 1.3k+ subscribers. I will try my best to write as many articles as I can.
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