InvestorQ : What is Google’s big plan to invest $10 billion in the India Digitization Fund?
Arusha Ray made post

What is Google’s big plan to invest $10 billion in the India Digitization Fund?

Answer
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Dhwani Mehta answered.
3 months ago


Sundar Pichai has announced that Google would invest Rs.75,000 crore or close to $10 billion into India in the next 5 years. The idea is to grab a share of the huge digital opportunity offered by India. It will be called the Google for India Digitization Fund. The CEO of Google has been a major accelerator in a number of India technology projects.

The digitization fund will essentially focus on enabling affordable access, customizing product to the unique needs of Indians, empowering small business with the use of technology and also to seek strong practical applications for AI and ML in India. These are expected to be the big opportunities in the Indian digital space.

Unlike Facebook, Google did not participate in the Jio Platforms equity even as RIL managed to hive off 25.25% equity in Jio Platforms to marquee investors. Facebook took a 10% stake in Jio Platforms, even as Google had valuation concerns. India has emerged as the fastest growing digital markets and Google clearly wants to be part of the action.