GOOGLE TO INVEST IN INDIA’S DIGITAL FUTURE
Mr. Sundar Pichai, CEO of Google said that This is a reflection of our confidence in the future of India and its digital economy.
On 13th July 2020, at the virtual event “GOOGLE FOR INDIA”, Mr. Sundar Pichai, CEO of Google and Alphabet Inc. has announced to invest around Rs. 75,000 core or $10 billion in India’s digital future over next 5 to 7 years. Mr. Pichai said that the investment shows their confidence in the future of India and its digital economy.
At first, he said that this investment mission is deeply personal to him. In the event, he highlighted India’s great transformation in the digital field. While making the announcement he shared his excitement of working with the world’s fifth-largest economy on such a large scale.
He expressed his gratitude towards the Prime Minister of India Mr. Narendra Modi for his great efforts of starting and promoting the idea of making the nation a digital economy hub.
Mr. Sundar Pichai said that "As we make these investments, we look forward to working alongside Prime Minister Modi and the Indian government, as well as with Indian businesses of all sizes to realize our shared vision for a Digital India,"
He further said that the Investment will focus on the four core areas which are important to India’s Digitization and are as follows:
- By enabling internet access and information to every Indian which is affordable and in the language of their choice;
- Build new products and services relevant to India’s requirements mainly in the field of education, health and agriculture, etc.
- Empower those businesses that continue to embark on their digital transformation such as small and medium business entities.
- Increased use of technology and Artificial Intelligence for social welfare mainly in areas like health, education, and agriculture.
These investments will be done through a mix of equity investments, partnerships, and operational, infrastructure, and ecosystem investments.
He has also given a glimpse of Google’s Journey in India which started in the year 2004.
Google’s Journey in India
Mr. Pichai with utmost excitement has shared Google’s journey in India which started in the year 2004. In the year 2004, Google has opened its first office in Hyderabad and Bangalore.
He stated that in those days their main focus was to provide relevant and effective information to Indian users through search.
The search can relate to any things such as searching for cricket scores, weather forecast, search for celebrities, etc.
He further said that through that time Google helped in spreading awareness related to the use of the Internet across the nation through various programs. He mentioned some of those programs, such as:
Internet Saathi – This program helped more than 30 million women across the nation. The internet Saathi helped women to gain skills and knowledge related to the internet in order to improve their lives and their community.
G-Pay – An UPI payment interface has been introduced to help in realizing the Prime Minister’s vision of cashless India. Through this, anyone can make an instant payment or transfer, etc.
Tutor App “Read Along” (formerly Known as Bolo) - This is an Artificial Intelligence tutor App which is helping the Indians to learn to read on their own. This program turned out to be the successful one and so the giant tech company Google will roll it out to the rest of the world.
Artificial Intelligence flood forecasting system: This was designed to keep the people of India safe in the monsoon season. He further said that the new investment will help India to achieve a new milestone in the digital area and build the country’s economy.
He also mentioned how small and medium businesses are trying to establish themselves in the digital world. They are now making and receiving the payment through the digital medium.
This digital medium is now helping them to reach out to maximum customers via online selling of their goods and services.
In the current scenario where the whole world is suffering from the ongoing pandemic caused by the Covid-19 which has turned out to be a great hurdle in every country’s economic growth.
Such a major investment from Google has turned to be a blessing in disguise for India as the Country’s falling economy. We can hope that such investment will give a certain amount of relief to the nation’s economy which is going down day by day.
Edited by Minu Mishra
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