Hot topics | Coronavirus pandemic

Google Will Allocate $10 Billion To Develop India's Digital Economy

Google Will Allocate $10 Billion To Develop India's Digital Economy

The American Corporation Google plans to invest about $10 billion in the development of digital technologies in India over the next few years, according to the company's official blog.

"Today at the Google For India event, we announced [the creation of] a new $10 billion Fund aimed at accelerating the introduction of digital technologies into the Indian economy," Pichai wrote, thanking Prime Minister Narendra Modi for his vision for the future of digitalization in India.

At the same time, as noted by Bloomberg, investments will be directed to the development of certain areas. These include ensuring that everyone in India has free access to information in their native language, creating new products and services that meet the unique needs of India, and using artificial intelligence in areas such as health, education, and agriculture.

Earlier, the American company announced its intention to invest about $2 billion in Poland. It was about creating a cloud region in the Republic, consisting of three access zones, each of which is an independent technical and software infrastructure that ensures the smooth operation of cloud services. Google's cloud region in Warsaw will be the same type of infrastructure that works elsewhere in Europe and the world - in Zurich, London, Tokyo, or Los Angeles. The project is expected to be launched in early 2021.

Google is an American company that invests in Internet search and advertising technologies, as well as developing online services and high-tech products. The firm, founded by Larry Page and Sergey Brin, was first registered as a private enterprise in September 1998 and is now part of Alphabet holding with a turnover of more than $130 billion. Its headquarters are located in mountain view, California. Google employs more than 110 thousand people.

You may also like: