Google plans to invest $ 10 billion in India over the next five to seven years. The company is not alone in this; Facebook and Amazon are also interested in the growth of the second most populous country in the world.
Has about the total investment Google-Ceo Sundar Pichai wrote a blog post. In it, he describes how strongly India is changing: “Four years ago, just a third of small businesses had an online presence. Today, 26 million medium-sized businesses can be found in the search and map service, which are in contact with 150 million users . ” It is even more important that the small shops use digital payment systems. This would have given families in India secure access to food, particularly in times of the pandemic.
Investments in participation, education and products
The investments are now divided into four areas: Projects to give all Indians access to the Internet in their language, that is Hindi, Tamil, Punjabi and many more. New products are to be created that are specifically needed on the Indian market, businesses are to be supported in their digital transformation and artificial intelligence is to be used in the areas of social services, health, education and agriculture.
According to Pichai, all of this is possible thanks to the Prime Minister’s vision for a digital India. Google has been involved in the digitization of the country since 2004, with GPay itself offering a digital payment system there. A flood warning system is also in use.
Don’t miss any news! With our daily newsletter you will receive all heise online news from the past 24 hours every morning.
Subscribe to the newsletter now
Bloomberg reports that $ 4 billion is already planned for an investment in Jio, the telecommunications operator operates the country’s LTE network, among other things, and is a subsidiary of Reliance Industries, India’s largest company. Facebook, Intel and a few other companies have already joined Jio financially. With an investment of $ 5.7 billion, Facebook would remain the largest minority shareholder in the communications service. Mark Zuckerberg also praised India’s digital strategy when it was announced. Facbook wants to check, among other things, a collaboration between WhatsApp and the online marketplace JioMart.