Alphabet and Google CEO Sundar Pichai on Monday announced a new USD 10 billion funds to help accelerate India's digital economy during the annual Google for India event. The sixth google for India event was held virtually due to the coronavirus pandemic. Union IT Minister Ravi Shankar Prasad and several other top Google executives also took part in the Google for India virtual event where the internet giant announced several initiatives for the digital India mission.

Speaking about the new USD 10 billion funds, Google CEO Sundar Pichai said that he was proud to support Indian Prime Minister Narendra Modi's vision for digital India. He also thanked the prime minister and Union IT Minister Ravi Shankar Prasad for joining the virtual summit.

Below are the key takeaways from Google for India event 2020

 

1. USD 10 billion funds for digital India: Google has announced a new USD 10 billion funds to support the Digital India mission. Google CEO Pichai said that Google will invest Rs 75,000 crore, or proximately USD 10 billion over the next five years in India to help accelerate India’s digital economy.

2. Google for India Digitisation fund: The Google for India digitisation funds, CEO Pichai said, will help enable affordable access and information for every Indian in their own language, building new products and services that are deeply relevant to India’s unique needs.

3. Empowering businesses, leveraging technology: Pichai said that the new funds will be used in empowering businesses as they continue or embark on their digital transformation and leveraging technology and AI for social good, in areas like health, education, and agriculture.

4. AI tutor app Bolo global launch: The Google's Indian-origin CEO announced the global launch of Google's AI tutor app Bolo. He said that app is currently available in 180 countries.

 5. India's moment in digital space has arrived: Speaking at the event, Union Minister Ravi Shankar Prasad said that he was "happy to learn that Google is making a huge investment in the Google India digitisation fund". He said, "India's moment has arrived in the digital space and I am glad that Google has recognised it."

Posted By: Shashikant Sharma