Google's $10 billion investment in India is a way to land future developers as well as cultivate small businesses that could become advertisers. Facebook's recent $5.7 billion investment in Jio Platforms Limited is following a similar playbook.
In a blog post, Google outlined a $10 billion investment in India's digitization over the next 5 to 7 years with its Google for India Digitization Fund. The fund will cover equity investments, partnerships, infrastructure and operations. Investment areas will include Internet access, new products and services, SMB development and leveraging AI for social good.
Google CEO Sundar Pichaisaid in remarks:
Google's investmentas well as Facebook'scan fall under the country'sDigital India plan.
Why is India a good place to invest?
More investment in India:
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