17 July 2020
Google at its sixth annual Google for India event, which this time held virtually made a couple of key announcements. First, the company has unveiled Google for India Digitization Fund through which it will be making the investments in the country. Sundar Pichai, Google CEO announced that the company will invest approximately $10 billion in the country to help accelerate the digital economy.
We’ll do this through a mix of equity investments, partnerships, and operational, infrastructure, and ecosystem investments. This is a reflection of our confidence in the future of India and its digital economy.
While announcing the big investment for the country, Google also referred to how digitization has helped small businesses. Pichai said four years back only one-third of all small businesses in India have an online presence and today, the number has risen. According to the given stats, 26M SMBs are now discoverable on Search and Maps as they drive connections with more than 150 million users every month.
Pichai makes mention of the global pandemic and said that this has lead to the quick adoption of digital tools. Pichai announced that over the next 5-7 years, Google will invest Rs. 75,000 crore, or approximately $10 billion into India.
Investments will focus on four key areas –
- First, enabling affordable access and information for every Indian in their own language, whether it’s Hindi, Tamil, Punjabi or any other
- Second, building new products and services that are deeply relevant to India’s unique needs
- Third, empowering businesses as they continue or embark on their digital transformation
- Fourth, leveraging technology and AI for social good, in areas like health, education, and agriculture
Pichai announced Google will work alongside Prime Minister Modi and the Indian government and Indian businesses of all sizes as it makes investments.
Google is also making an education push in the country by partnering with CBSE, a government board of education for public and private schools, to deliver a “blended learning experience” across 22,000 schools by the end of this year. Google announced that it will train more than 1M teachers in India this year and offer a range of free tools such as G Suite for Education, Google Classroom, and YouTube to help digitize the education experience.
Google also announced a grant of $1 million to the Kaivalya Education Foundation (KEF), a foundation that works with partners to provide underprivileged children with education opportunities, from Google.org.
Watch the video embedded below to know som key highlights of Google for India 2020 -