Google announces Rs 75,000-crore fund to drive digitisation in India

News: Google has launched the India Digitization Fund through which it will invest Rs 75,000 crore into India over the next 5-7 years.

Facts:

  • Aim: To help accelerate the adoption of digital services in India.
  • Mode of Investment: Google will invest the amount through a mix of equity investments, partnerships, and operational, infrastructure, and ecosystem investments.
  • Areas: The Investment will focus on four areas important to India’s digitization:
    • Enabling affordable access and information to every Indian in their own language
    • Building new services and products that are deeply relevant to India’s unique needs
    • Empowering businesses as they continue on digital transformation.
    • Leveraging technology in AI- Artificial Intelligence for social good in areas like education, health, and agriculture.
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