Google Will Invest 10 Billion Into India
During the Google For India event on Monday, the CEO of both Google and its parent company, Alphabet, announced it would invest $10 billion in India through the Google for India Digitization Fund. Pichai said the investment would be made over the next five to seven years. Google will be investing in four main areas: language-based localization of information, localized products and services, business empowerment, and using tech and AI for improvement in various social sectors.
Google committed to :
- Creating affordable access and information for every Indian person in their own language (Hindi, Tamil, Punjabi, or any other language).
- Building new products and services that are specifically relevant to India's unique needs.
- Technical support dedicate to empowering businesses as they embark on or continue through the digital transformation
- Leverage technology and AI for social good (Multiple industries including health, education, and agriculture)
"There's no question we are facing a difficult moment today, in India and around the world," Pichai said. "The dual challenges to our health and to our economies have forced us to rethink how we work and how we live. But times of challenge can lead to incredible moments of innovation. Our goal is to ensure India not only benefits from the next wave of innovation, but leads it."
Additionally Google has plans to:
- Support over 1 million teachers in 22,000 schools in India
- Join Facebook in a partnership with the Central Board of Secondary Education
- An additional investment of $1 million in the Kaivalya Education Foundation, to train 700,000 teachers
Sapna Chadha, marketing head for India and Southeast Asia, also spoke about how Google over the last few years, had put $12 million into companies like TheTeacherApp, Pratham, and Central Square Foundation to create content in local languages.