Google to invest Rs 75,000 crore in India

New Delhi: Google CEO Sundar Pichai announced a $10 billion 'GoogleForIndia' Digitisation Fund. Under the fund, Google will invest roughly Rs 75,000 crore in India over the next 5-7 years.

"I am glad to announce  – Google for India digitization fund – it's $10 billion dollars for India alone," Sundar Pichai said in a tweet.

The investment will be done through a mix of equity investments, partnerships and operational infrastructure in ecosystem investments, he said.

"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," said Pichai, who is the CEO of both Google and its parent company Alphabet.

 

Asianet.in/ Desk: Asianet Online