tirsdag 14. juli 2020

Google will invest $10 billion in India over the next few years

Google is planning to invest $10 billion in India as part of plans to make the internet "affordable and useful" for a billion people. CEO Sundar Pichai announced the investment via livestream on Monday at the annual Google (GOOGL) for India event. "This is a reflection of our confidence in the future of India and its digital economy," he said in a statement. 

"India's own digital journey is far from complete. There's still more work to do in order to make the internet affordable and useful for a billion Indians ... from improving voice input and computing for all of India's languages, to inspiring and supporting a whole new generation of entrepreneurs," he added. The Google for India Digitization Fund will pour money into India's tech sector over the next five to seven years through a mixture of equity investments, partnerships, and spending on infrastructure.