On Monday Google announced $10 billion investment in India over the next 5 to 7 years. With this investment Google is looking to make way for faster adoption of digital services in India.
“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,” Sundar Pichai said in an online event Google for India. He also announced Google for India Digitization fund. With this fund Google will be making its investment.
With this massive investment Google is intending to provide access to the information for every Indian in their own languages like Hindi, Marathi, Punjabi, Tamil. Google will also be focusing on developing products that are very relevant to india. Next small businesses will be empowered to grow their presence digitally. Other than all these great initiatives, Google also intends to use the power of air to do some social good in sectors like education, health and agriculture.
India Google has a lot of products including but not limited to search, YouTube, Android, maps etc. These products are used by pretty much all of the population of India. With over 500 million online Indian population there is a great opportunity for expansion considering India has a population of 1.3 billion. Internet affordability, regional language support are some key areas which are preventing some rural Indians from joining India’s ever growing online population.
“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,” said Pichai addressing the issue.
Few weeks ago the government announced a ban on 59 Chinese made apps and services including Tik Tok, WeChat, UC browser and many others. Google’s announcement came after this ban. With the ban there is an opportunity for Google and other tech giants to grow their presence in India.
Ravi Shankar Prasad India’s electronics and information technology minister at Google for India event said, “rising to the occasion by trying to invest a fairly substantial amount in India’s digital transformation. “I’m very happy that Google is recognising India’s digital innovation and the need to create further opportunity,”. On his Twitter account he also mentioned the scope for Google to use artificial intelligence for improving health, education and agriculture sectors.
Sanjay Gupta, head of Google India also stated that with the company’s new $10 billion commitment, Google is expecting to pave the way for its future products.