Google announces a $10 billion investment in India.
Google has announced that it plans to invest $10 billion to
make the Internet more affordable and efficient in India. The number of
internet users in India is in the millions.
"This reflects our confidence that the future of
digital technology in India is bright," Sundar Pachai, chief executive
officer of Google's parent company Alphabet said in a statement on Monday.
This amount will be spent through the New India
Digitization Fund over the next five to seven years. The fund will be invested
in India's technology sector.
Pachai says we will make a joint investment, in which
others can also participate. And that will include operational infrastructure
and the environmental sector.
This will be the largest investment by Google in India. It
aims to increase internet access across India. Under this project, the maximum
use of apps and the introduction of new software will be introduced.
Google plans to offer Internet access in India's regional
languages in addition to English.
Google hopes that this investment will benefit the people
of India and expand the reach of the Internet to education, agriculture, and
healthcare.
"Through this investment, we will make Prime Minister
Narendra Modi's and the Indian government's dream of a 'Digital India' a
reality," said Sundar Pachai.
According to him, our primary goal is for India not only
to benefit from new technology but also to play a leading role in the world by
inventing and innovating in this field.
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