Google’s CEO, Sundar Pichai, announced on Friday that the company will invest $10 billion in India’s digitisation fund. The move recognizes India’s leadership in fintech and will support small and large businesses in India, the US, and around the world. Pichai met with Prime Minister Narendra Modi during his visit to the US and also announced the opening of Google’s global fintech operation center in Gujarat International Finance Tec-City (GIFT) in Gandhinagar.
During the meeting, Pichai said, “It was an honour to meet Prime Minister Modi during the historic visit to the US. We shared with the Prime Minister that Google is investing USD 10 billion in India’s digitisation fund. We are announcing the opening of our global fintech operation centre in GIFT City, Gujarat. PM’s vision for Digital India was way ahead of his time I now see it as a blueprint that other countries are looking to do.”
This investment will be a significant step towards digitizing India’s economy and will help businesses grow in the country. Google’s global fintech operation center in GIFT City will also create job opportunities for people in India.
