• About
  • Contact
Friday, January 22, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home News

Google Is Planning To Invest $10 Billion In India Over Next 5 To 7 Years

Pritish raj by Pritish raj
July 13, 2020
in News, Tech
4 min read
0
Google India Invest Marketing- Next Big Brand

Google Marketing- Next Big Brand

Share on FacebookShare on Twitter
  • Google said on Monday it aims to invest $10 billion in India over the next five to seven years as the search engine is looking to further grow its footprint on the main overseas market.

Google said on Monday it aims to invest $10 billion in India over the next five to seven years as the search engine is looking to further grow its footprint on the main overseas market.

Google’s chief executive Sundar Pichai today unveiled Google for India Digitization Fund through which the company will make the country ‘s investments.

“We would do so through a combination of investments in equities, alliances, and investments in activities, infrastructure, and ecosystems. This is a reflection of our faith in India ‘s future and its digital economy, “he said to India at the company’s annual event.

Investments will focus on four areas:

  • First, enabling affordable access and information for every Indian in their language, whether it’s Hindi, Tamil, Punjabi or any other
  • Second, building new products and services that are deeply relevant to India’s unique needs
  • Third, empowering businesses as they continue or embark on their digital transformation
  • Fourth, leveraging technology and AI for social good, in areas like health, education, and agriculture

India is Google’s main overseas market, where a number of its products and services like Search, YouTube, and Android have made inroads with a large part of the entire online public.

More than 500 million users are online today in India, the second-most populated nation in the world with 1.3 billion inhabitants, and more than 450 million smartphones are in active use in India.

“There is still more work to be done to make the internet accessible and usable to a billion Indians … from developing voice input and computing for all the languages of India, to encouraging and helping a whole new generation of entrepreneurs,” Pichai said.

Unlike every other American tech giant, Google makes just a portion of its income from the world’s largest internet sector, however. Yet this does not seem to be a priority for any American or Chinese tech giant in India who are currently looking in emerging markets for their next hundreds of millions of users.

In April this year, Facebook, which rivals Google and Amazon in India, made a $5.7 billion investment in Reliance Jio Platforms, the nation’s largest telecom operator to digitize 60 million mom and pop stores across the country.

Google’s announcement today also comes at a time when it seems that India is closing its door for Chinese firms. Last month New Delhi blocked 59 apps and services produced by Chinese firms. Of those blocked is the TikTok by ByteDance, the UC Browser by Alibaba Group, and the WeChat by Tencent. Some industry players think this ban will help American tech giants spread their reach further into India as they face less competition.

India also amended its foreign direct investment policy in April this year to allow all neighboring nations with which it shares a boundary to obtain New Delhi approval for their potential dealings in the country. To hundreds of startups in India that count Chinese investors as some of their biggest supporters, including unicorns Zomato, Swiggy, and Paytm, New Delhi ‘s decision is likely to trigger additional difficulties in raising potential money.

Google has so far backed a handful of startups in India, including hyperlocal delivery service Dunzo headquartered in Bangalore. The Financial Times reported in May that Google was in talks with Vodafone Idea, India’s second-largest telecom operator.

“This mission is deeply personal to me. Growing up, technology provided a window to a world outside my own. It also brought us closer together as a family. Every evening we were drawn to the television by Doordarshan’s special rendition of “Sare Jahan Se Accha.” I tried to explain this to my colleagues the other day, but I eventually gave up and just showed it to them on YouTube. 

When I was young, every new piece of technology brought new opportunities to learn and grow. But I always had to wait for it to arrive from someplace else. Today, people in India no longer have to wait for technology to come to you. A whole new generation of technologies are happening in India first,” said, Sundar Pichai, CEO, Google & Alphabet.

Google’s head in India, Sanjay Gupta, said the company’s recent $10bn pledged to India today forms the future of many of its products and services in India. “We ‘re committed to partnering deeply and helping India to become a fully digital country,” he said.

The firm will also concentrate on “enabling more high-quality low-cost smartphones so that more people can access the internet to learn, expand and thrive,” Google’s Caesar Sengupta, GM & VP of Payments and Next Billion Users said.

You can find the whole announcement here.

Previous Post

Elon Musk Is Highest-Paid CEO Followed By Tim Cook: Bloomberg

Next Post

OYO Rooms To Merge Japan Hotel & Residential Units Due To Pandemic

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie
News

Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie

January 21, 2021
SEBI Approved Much Talked Future Group-Reliance Industries Deal
News

SEBI Approved Much Talked Future Group-Reliance Industries Deal

January 21, 2021
Tata Group is All Set to Acquire 60% stake in BigBasket
News

Tata Group is All Set to Acquire 60% stake in BigBasket

January 20, 2021
Chinese Billionaire Jack Ma Suspected Missing after Condemning the Chinese Government.
News

Alibaba Share Surges after Jack Ma’s Resurfacing Video

January 20, 2021
Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change
News

Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change

January 19, 2021
Agri-Tech Start-Up DeHaat Raises $30 Million of Funding in the Series C Round
News

Agri-Tech Start-Up DeHaat Raises $30 Million of Funding in the Series C Round

January 19, 2021
Next Post
Annual OYO Valuation Drop Japan Travelopedia Oyo-Rooms-nextbigbrand.in

OYO Rooms To Merge Japan Hotel & Residential Units Due To Pandemic

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

Lenovo: Making Life Easy Through Innovative Products & Services

Lenovo: Making Life Easy Through Innovative Products & Services

1 month ago
jio-vodafone-airtel-idea-nextbigbrand.in

Reliance Jio becomes largest telecom operator in India within 3 years of starting operations

1 year ago
Siddhartha Lal

Presenting EY Entrepreneur of the Year – Siddhartha Lal!

2 years ago
Pubg_1024x1024 logo source pubg

PUBG made $146 million revenue last month with 50 M active daily users

2 years ago

FOLLOW US

  • 22.4k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie
  • SEBI Approved Much Talked Future Group-Reliance Industries Deal
  • Tata Group is All Set to Acquire 60% stake in BigBasket

Instagram

Follow Me!

Latest News

Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie

Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie

January 21, 2021
SEBI Approved Much Talked Future Group-Reliance Industries Deal

SEBI Approved Much Talked Future Group-Reliance Industries Deal

January 21, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.