Google will invest $10 billion in India.

Google sets up India fund, plans to invest $10 billion over 5 to 7 years.

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On Monday Prime Minister Modi did a discussion with Sundar Pichai, CEO of Google.

Later after meeting Pichai addressing the sixth annual edition of “Google for India” virtual event and announced a digitisation fund.
Now, Google will invest rupees 75,000 crore in India over the next five to seven years.
India has more than 500 million active internet users with more than 450 million using smartphone.

In a separate announcement made at the Google-for-India event, the company said it will partner with 1 million teachers across 22,000 Central Board of Secondary Education (CBSE) schools by December-end.

“Prime Minister said that Indians are adjusting to and adopting technology at a rapid pace. He talked about farmers benefiting from technology and the possible wide-ranging benefits of AI in agriculture. Prime Minister explored the idea of virtual labs that can be used by students as well as farmers. Sundar Pichai briefed the PM about new products and initiatives by Google in the country,” the Prime Minister’s Office said in a statement.

Taking it to Twitter, PM Modi wrote: “This morning, had an extremely fruitful interaction with @sundarpichai . We spoke on a wide range of subjects, particularly leveraging the power of technology to transform the lives of India’s farmers, youngsters and entrepreneurs”.

He also stated that, “During our interaction, @sundarpichai and I spoke about the new work culture that is emerging in the times of COVID-19. We discussed the challenges the global pandemic has brought to areas such as sports. We also talked about the importance of data security and cyber safety.”

“We’ll do this through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments,” Pichai further stated.