Alphabet’s Google to commit $10-billion to India

Alphabet CEO Sundar Pichai, seen here at the World Economic Forum in Davos, Switzerland on Jan. 22, 2020, says the investment is a reflection of Google's confidence in the future of India and its digital economy.Alphabet Inc’s Google on Monday said it will spend around $10 billion in India over the next five to seven years through equity investments and tie-ups, marking its biggest commitment to a key growth market.

“We’ll do this through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments,” Sundar Pichai, CEO of Alphabet, said on a webcast during the annual “Google for India” event.“This is a reflection of our confidence in the future of India and its digital economy.”

Beyond investments via the fund, Google would also focus on areas such as artificial intelligence and education in India, Pichai told Reuters in an interview. “Sundar Pichai, who is heading Google, is a very powerful symbol of the creative potential of India’s human resource,” India’s technology minister Ravi Shankar Prasad said at the event.

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