New Delhi:
A brand new Rs 75,000-crore fund has been introduced by Google to assist speed up India’s digital financial system, its Chief Government Officer Sundar Pichai stated immediately, asserting that “we’re proud to help” Prime Minister Narendra Modi’s imaginative and prescient.
Marking its largest dedication to a development market, the tech large stated the fund can be used over the subsequent 5 to seven years by means of fairness investments and tie-ups. “In the present day at #GoogleForIndia we introduced a brand new $10B digitization fund to assist speed up India’s digital financial system. We’re proud to help PM @narendramodi’s imaginative and prescient for Digital India – many due to Minister @rsprasad & Minister @DrRPNishank for becoming a member of us,” Mr Pichai, the 48-year-old Indian-American Google CEO, wrote in a tweet.
In the present day at #GoogleForIndia we introduced a brand new $10B digitization fund to assist speed up India’s digital financial system. We’re proud to help PM @narendramodi‘s imaginative and prescient for Digital India – many due to Minister @rsprasad & Minister @DrRPNishank for becoming a member of us. https://t.co/H0EUFYSD1q
— Sundar Pichai (@sundarpichai) July 13, 2020
“It is a reflection of our confidence in the way forward for India and its digital financial system,” Mr Pichai stated on a webcast throughout the annual ‘Google for India’ occasion.
“Investments will concentrate on 4 areas necessary to India’s digitization,” Google stated in a press release. “First, enabling reasonably priced entry and knowledge for each Indian in their very own language, whether or not it is Hindi, Tamil, Punjabi or another. Second, constructing new services and products which might be deeply related to India’s distinctive wants. Third, empowering companies as they proceed or embark on their digital transformation. Fourth, leveraging expertise and AI for social good, in areas like well being, training, and agriculture,” it stated.
Earlier immediately, PM Modi tweeted he had “an especially fruitful interplay” with Mr Pichai. “We spoke on a variety of topics, significantly leveraging the facility of expertise to remodel the lives of India’s farmers, kids and entrepreneurs,” the Prime Minister tweeted.
This morning, had an especially fruitful interplay with @sundarpichai. We spoke on a variety of topics, significantly leveraging the facility of expertise to remodel the lives of India’s farmers, kids and entrepreneurs. pic.twitter.com/IS9W24zZxs
— Narendra Modi (@narendramodi) July 13, 2020
I used to be delighted to know extra concerning the efforts of @Google in a number of sectors, be it in training, studying, @_DigitalIndia, furthering digital funds and extra. @sundarpichai
— Narendra Modi (@narendramodi) July 13, 2020
In one other publish, PM Modi wrote: “Throughout our interplay, @sundarpichai and I spoke concerning the new work tradition that’s rising within the instances of COVID-19. We mentioned the challenges the worldwide pandemic has dropped at areas reminiscent of sports activities. We additionally talked concerning the significance of information safety and cyber security.”
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