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Leading tech company Google, on Monday, has announced its intent to invest $10 billion in India, an investment that is expected to continue for the next five to seven years.
According to the digital and search-engine company, the investment is part of its ambition to help accelerate adoption of digital services in the key overseas market.
During the unveiling of the plan by the CEO Sundar Pichai, today, he noted that the investment has been tagged: Google for India Digitization Fund.
Speaking on the vibrancy and prospect of India’s digital economy, the CEO further noted that the investment would come in a mix of portfolios. “We’ll do this through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments.
This is a reflection of our confidence in the future of India and its digital economy,” Sundar said. Considering India’s population build up of about 500 million people, investment analysts have stated that this is Google (like Facebook) thinking forward and future.