- Alphabet’s Google said on Monday that it would invest a whopping $10 billion in India through its Google for India Digitization Fund.
- CEO Sundar Pichai said the investment would be made over the next five to seven years.
- The company has identified four investment areas in India.
- As well as localizing information in languages like Tamil and Punjabi, Google will invest in tech and AI to support sectors like agriculture, education, and health.
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Google CEO Sundar Pichai said on Monday that the tech giant would invest a sizeable $10 billion in India through the Google for India Digitization Fund.
Pichai, who is CEO of both Google and its parent company, Alphabet, announced the news during the company’s annual Google For India event.
During the event, which was held digitally this year, Pichai said the investment would be made over the next five to seven years.
According to the CEO, Google will be investing in four main areas: language-based localization of information, localized products and services, business empowerment, and using tech and AI for improvement in various social sectors.
Google will focus its investment on 4 key areas
First, the company said it would be enabling affordable access and information for every Indian person in their own language, whether in Hindi, Tamil, Punjabi, or any other language.
Second, Google said its committing to building new products and services that are specifically relevant to India’s unique needs.
Pichai also announced that the tech giant would dedicate itself to empowering businesses as they embark on or continue through the digital transformation.
Finally, he said that Google planned to leverage technology and artificial intelligence for social good, in industries and sectors ranging from health and education to agriculture.
“There’s no question we are facing a difficult moment today, in India and around the world,” Pichai said. “The dual challenges to our health and to our economies have forced us to rethink how we work and how we live. But times of challenge can lead to incredible moments of innovation. Our goal is to ensure India not only benefits from the next wave of innovation, but leads it.”
Google also hopes to support over 1 million teachers in 22,000 schools in India
Google also announced a partnership with the Central Board of Secondary Education, just days after social media giant Facebook announced a partnership with the board.
Through its partnership, Google said it aims to support over 1 million teachers across 22,000 schools in India.
The tech giant also announced an additional investment of $1 million in the Kaivalya Education Foundation, to train 700,000 teachers.
The teachers will be trained in online education, to improve education for children in low-income communities in India.
The company’s marketing head for India and Southeast Asia Sapna Chadha also spoke about Google’s efforts in vernacular language education in India.
She said that, over the last few years, Google.org, Google’s philanthropic venture, had funneled $12 million into companies like TheTeacherApp, Pratham, and Central Square Foundation to create content in local languages.
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