Google is planning to invest $10 billion in India over the course of five to seven years, the search engine giant said on Monday. The hope is to accelerate the adoption of digital services in key overseas markets, meaning it might shift to other countries as well.
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Sundar Pichai, the chief executive at Google detailed how the company plans to invest the sum of money into the country. He said during a video conference at the company’s annual event:
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.
One of its major investments in the region is going to be in Jio Platforms Google plans in investing a total of $4 Billion into the subsidiary of Indian conglomerate Reliance, the biggest telecom provider in the country. It has around 370 million subscribers and holds more than 30% of the total market share. Jio also has a variety of apps, one of which is JioMeet, one of Zoom Meetings’ rivals.
Google is expected to confirm the investment in the coming weeks.
Before this, several major companies have invested in Reliance Industries. Facebook announced a $5.7 billion investment back in April, Qualcomm revealed plans to invest $100 million last week, Saudia Arabia’s Public Investment Fund, Vista Equity Partners, and a variety of others have also invested billions in total.
oooh finally D’Trump provided 10 Billion dollors to india to cancel all types of business and cancel all project with China,
but (Google) is just a name to use.
Imran Khan has isolated India on all world forums and this is the fruit of this isolation by the Great Khan. No company wants to invest in India and they dont have toilets. But all countries are dying to invest in Pakistan ( again thanks to Great Khan).
“Countering India’s Efforts to Isolate Pakistan”
He never isolated india on all world forums, he just prevented pakistan from getting isolated.
Our enemy is progressing day by day and we are just siting and doing nothing.
Pakistan’s biggest threat is Nawaz Sharif, Zardari and their supporter Patwaris and Jialas. NAB is taking action against them. Once corruption will be gone then Pakistan will be moving forward better than India.
Guys it looks like PTI lads are the real patwaris, India has more poverty and more corruption than Pakistan, I think you guys have forgot the recent Indian Airforce French Raphael scandal.
The main reason they are still progressing is because they don’t support their leaders blindly. Rather the youth is more focused to take the future in their hands atleast on the ground to work in India for India for better economy.
You guys are keyboard warriors tell me how many skills you have acquired related to professional life over the last year? I have worked and studied with many Indians, you’ll find them studying hard and working on polishing their skills all the time. Just search a math or programming related problem on YouTube / Stackoverflow and you’ll find triple the indian numbers as compared to Pakistani ones
You guys are corrupt in yourselves.
Fix your internal corruption, you’ll find national corruption disappear InshaAllah
We have to seriously work on our youth to bring them out of politics and work on their skills before it is too late.
Muslims are getting lazy day by day while we should be the hard workers who should be at forefront of Technology and other sectors
True