Google CEO Sundar Pichai announced on Friday that the company will establish a global fintech operation unit in Gujarat and contribute $10 billion in India’s digitization fund. He made the statement after meeting Prime Minister Narendra Modi earlier in the day in Washington.
“It was an honour to meet PM Modi during his historic visit to the United States.” We informed the Prime Minister that Google is investing $10 billion in India’s digitization fund. “We are announcing the opening of our global fintech operation centre in GIFT City, Gujarat,” Pichai was reported as saying by news agency ANI.
“We are continuing to invest through that, including in companies working on artificial intelligence,” he added. As part of it, we have a 100-language initiative. We will be bringing bot to additional Indian languages very soon.”
The Gujarat International Finance Tec-City, or GIFT City, is located in Gandhinagar.
He also praised the Prime Minister’s ambition for Digital India, the government’s flagship initiative. He stated that the digital campaign is a model that other countries are eager to replicate. “The Prime Minister’s vision for Digital India was way ahead of its time, and I now see it as a blueprint that other countries are looking to follow,” he said.
Google announced plans to invest $10 billion in India over the next five to seven years in July 2020, as the search giant seeks to accelerate the adoption of digital services in the main overseas market.
Pichai said last December that a portion of the India Digitisation Fund (IDF) would be devoted to Indian companies, with one-fourth of the funds going to Indian startups.