Platform to Showcase Innovative Startups and Tech NewsPlatform to Showcase Innovative Startups and Tech News
    Facebook Twitter Instagram
    Platform to Showcase Innovative Startups and Tech NewsPlatform to Showcase Innovative Startups and Tech News
    Facebook Twitter YouTube
    • Featured Startups
    • Funding News
    • CEO Interviews
    • Startup Resources
    • Inspiring Stories
    • Submit Startup
      • Pitch VCs
    • More
      • Our Team
      • Advertise
      • Write for us
      • Privacy policy
      • Startup listing
      • Steal The Deal
      • Contact
    Platform to Showcase Innovative Startups and Tech NewsPlatform to Showcase Innovative Startups and Tech News
    Home»News»Google bets big on Digital India, plans $10 Bn Investment
    News

    Google bets big on Digital India, plans $10 Bn Investment

    Girish ShettiBy Girish ShettiJuly 13, 2020Updated:July 13, 20202 Mins Read
    Facebook Twitter LinkedIn Email
    Share
    Facebook Twitter LinkedIn Email

    For the first time in six years, the annual ‘Google for India’ event was held as a virtual event. This was, of course, due to Covid 19 pandemic. Expectedly, several big news came out of the grand event but the one news that is likely to dominate the headlines is the fact that Google is planning to invest $10 Bn or INR 70,000 crore in next 5-7 years in India.

    The technology giant will be making these investments through equity investments, partnership, operational infra and ecosystem investment, Google’s CEO Sundar Pichai said at the event.

    With Google’s investment mainly catered at accelerating the growth of Digital India movement, it will focus on the following four key areas.

    1. Enabling Indians to access information in their own native languages in an affordable way.
    2. Creating new products and services that are specific to India’s needs.
    3. Making local businesses strong and thereby speed-up the digital transformation of India.
    4. Making the use of cutting edge technologies like AI for the social cause.

    India’s telecom minister Ravi Shankar Prasad was also present at the event. Notably, Google’s Indian born CEO also had a discussion with the Indian Prime Minister this morning.

    PM Narendra Modi tweeted about this brief discussion on his official Twitter handle.

    It is but certain that, at least, a part of Google’s 10 Bn investment will find its way in India’s bustling startup industry. Over the years, Google has invested in quite a few Indian startups. Hyperlocal delivery startup Dunzo and e-commerce platform Fynd are among its prominent investment in India’s startup industry.

    Google also runs an accelerator program for Indian startups called ‘Launchpad accelerator India,’ which is currently in its fourth edition. Every year this Google-backed accelerator program selects some of the promising startups and helps them accelerate to the next level by offering them the required infrastructure and support.

    Facebook, another prominent American tech giant, is also emerging as an active investor in the Indian startup industry; investing in Indian startups like Unacademy and  Meesho. It also recently procured a minority stake in India’s telecom major Reliance Jio.

    featured Google for India Google India Startup News
    Share. Facebook Twitter LinkedIn Email
    Girish Shetti

    Related Posts

    Twitter launches new $5000 API plan for Startups  

    May 26, 2023

    OpenAI may Exit Europe if Regulation Toughens, says CEO Sam Altman

    May 25, 2023

    Netflix kicks off its Password Sharing Feature in U.S & 100 other countries

    May 24, 2023

    WhatsApp finally allows you to Edit Sent Messages

    May 23, 2023

    Leave A Reply Cancel Reply

    Popular Post
    • Why is one Airpod louder than the other- reason and fixes Why Is One Airpod Louder Than The Other- Reason And Fixes
    • Is Real Estate Investment Trusts a Good Career Path Is Real Estate Investment Trusts a Good Career Path? [Complete Guide]
    • advertisement examples 16 Creative Product Advertisement Examples & Ad Campaigns You Must See
    • Places that hire at 15 Places that Hire at 15 Years – Top Choices for Teenagers
    • Pestel Analysis PESTEL Analysis – What it Means and its 6 Factors Explained
    Category Posts
    • how to upload more than 100mb to discord How to Upload More Than 100MB to Discord: Unlocking File Size Limits
    • how to clear spotify queue How to Clear Spotify Queue: Enjoy a Fresh Listening Experience
    • how to stop facebook from scrolling automatically How to Stop Facebook from Scrolling Automatically: Taking Control of Your Browsing Experience
    • how to use depth effect ios 16 How to Use Depth Effect on iOS 16: Unlocking the Power of Visual Depth
    • Twitter launches new $5000 API plan for Startups  
    Our Partners
    Shopping online for Windows tablet - DHgate
    Platform to Showcase Innovative Startups and Tech News
    Facebook Twitter YouTube
    • Popular Posts
    • Advertise
    • Submit A Startup
    • Privacy policy
    • Disclaimer
    © 2023 Techpluto. Designed by Techpluto.

    Type above and press Enter to search. Press Esc to cancel.

    Catch the latest news from Startup World in your Inbox!
    [email protected]