Google's massive investment in India, $10 billion digitization fund

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Alphabet and Google CEO Sundar Pichai on Monday (July 13) announced a $10 billion (around Rs 75,000 crore) fund to accelerate India’s digital economy. The announcement came hours after his meeting with Prime Minister Narendra Modi. It is worth noting that the US-based tech behemoth is all set to expand its presence in the main overseas market. “Today, I’m excited to announce the Google for India Digitization Fund. Through this effort, we will invest Rs 75,000 crore, or approximately $10 billion, into India over the next 5-7 years. We’ll do this through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments. This is a reflection of our confidence in the future of India and its digital economy,” Pichai said.

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