Two Big Companies Will Spend 2.9 Lakh Crores in India

News/Technology: Two big companies, Google and Apple, have announced plans to invest 290 billion rupees in India over the next five years.

Google will invest 10 billion dollars (about 82 thousand crore rupees) in digitization in India. Google CEO Sundar Pichai gave this information after meeting Prime Minister Modi on Friday. At the same time, the CEO of Amazon also talked about investing $ 26 billion (about Rs 2.1 lakh crore) in India after meeting the PM.

Sundar Pichai said, ‘It is an honor to meet the Prime Minister. Google will invest $10 billion in India’s digitization. We are announcing the opening of our Global Fintech Operation Center in GIFT City, Gujarat.

Two Big Companies Will Spend 2.9 Lakh Crores in India

Both of these investments aim to promote digital transformation, local language content, create employment opportunities, and promote the export of Indian products internationally.

The PMO tweeted that measures to promote artificial intelligence, fintech and research and development were discussed between the PM and Pichai.

Amazon invests $26 billion in India

Amazon CEO Andy Jassy also met Prime Minister Modi. After the meeting, he said, ‘Amazon is one of the world’s largest investors in India. We have invested $11 billion so far and intend to invest another $15 billion, taking the total to $26 billion. He said that through this the company will help create more jobs, digitize more small and medium businesses. Along with this, it will help export Indian companies’ products to the world.

SO, Two big companies have pledged to invest 290 billion rupees in India over the next five years. Sundar Pichai appreciated Prime Minister Modi’s Digital India vision. He said, ‘The Prime Minister’s vision for Digital India is ahead of his time. I now see it as a blueprint that other countries want to follow.

Bard will support more Indian languages

Pichai said that very soon we will introduce support for more Indian languages in Bard. Bard is Google’s AI chatbot, which the company launched in 180 countries including India during the Google IO 2023 event.

Google wants to create a single unified AI model in India. It will handle more than 100 Indian languages. This is part of the company’s global efforts. The company wants to bring 1000 of the most spoken languages online. This way people will get information in their preferred language. The company supports the Center for Responsible AI in IT Madras.

Google announced an investment of $ 10 billion in July 2020

In July 2020, Google announced plans to invest $10 billion in India over the next five to seven years. Apart from this, in December last year, Pichai announced Google would invest a part of its India Digitization Fund (IDF) in Indian startups. The company also said that one-fourth of the $300 million from this fund would be used in women-led organizations.

PM Narendra Modi also met Elon Musk

Earlier on June 21, Prime Minister Modi and Tesla CEO Elon Musk met. After the meeting, Musk said, ‘I am excited about India’s future. I like Modi. It was an enjoyable meeting and I liked him a lot.

When asked about the timeline of Tesla coming to India, Musk said, “I am sure Tesla will be in India soon.” He is also planning to visit India next year i.e. in 2024.

Prime Minister Modi tweeted the picture after meeting Musk and wrote, ‘It was a wonderful meeting with you today Elon Musk. We discussed issues ranging from energy to spirituality. Before the meeting, Elon Musk and PM Modi discussed Tesla’s entry into India during the meeting.

Google for India Digitization fund will focus on four areas important to India’s digitization:

• Making the internet more accessible and affordable: Google will work to expand internet access in India, particularly in rural areas. The company will also work to make the internet more affordable for Indians, by partnering with telecom companies and other organizations.

• Developing original products and services for India: Google will develop original products and services specifically for the Indian market. These products and services will be designed to meet Indian users’ and businesses’ needs.

• Deploying AI to solve Indian problems: Google will use AI to solve some of India’s most pressing problems, such as poverty, healthcare, and education. The company will work with Indian organizations to develop AI-powered solutions that can make a real difference in people’s lives.

• Building an inclusive digital ecosystem: Google will work to build an inclusive digital ecosystem in India. This means ensuring that everyone in India, regardless of their background, can benefit from the digitized economy.

The Google for India Digitization Fund is a significant investment in India’s future. The fund has the potential to help India become a leading digital economy and improve the lives of millions of Indians.