Google CEO Sundar Pichai, and Amazon CEO Andrew Jassy, in an exciting development for India’s digital landscape, have announced significant investment plans following their meetings with Prime Minister Narendra Modi during his US state visit.
These investments will aim to foster digital transformation, promote local language content, create employment opportunities, and boost the export of Indian products globally.
Sundar Pichai revealed Google’s plans to open a global fintech operation center in GIFT City, Gujarat. This move can be considered as Google’s commitment to expanding its presence in India and leveraging the country’s growing digital economy. During his meeting with PM Modi, Pichai also shared that Google will invest a substantial $10 billion in the Indian Digitization Fund, further accelerating the country’s digital revolution.
Google will also introduce its virtual assistant, Bard, to more Indian languages in the near future. This will enhance accessibility and inclusivity by providing a localised digital experience to a wider population, empowering them with the latest technology.
Google CEO, also acknowledged that Modi’s Digital Indian initiative had set a global blueprint that other countries are now looking to follow.
Following suit, Amazon CEO Andrew Jassy announced that Amazon has already invested a staggering $11 billion in India. In a testament to their commitment, Amazon intends to invest an additional $15 billion, bringing their total investment to a remarkable $26 billion. These funds will be utilized to create more employment opportunities, support the digitalization of small and medium-sized businesses, and facilitate the export of Indian products worldwide.
Taking the leverage of Amazon’s extensive global network, Indian companies will have enhanced access to a wider customer base, paving the way for increased exports and economic growth.
The announcements made by Google and Amazon highlight the confidence global tech giants have in India’s digital future.
