Prime Minister Narendra Modi says get ready to embrace Gujarat’s welcome to Google. According to CEO Sundar Pichai, Google is also contributing $10 billion (or around Rs 81,980 crore) to the India digitalizationfund.
After meeting with Prime Minister Narendra Modi here on Friday, CEO Sundar Pichai of internet giant Google said that the company would establish its global financial operation center at GIFT City in Gujarat “Prime Minister Narendra Modi says get ready to embrace Gujarat’s Welcome to Google”
Pichai added that through its USD 10 billion (approximately Rs. 81,980 crore) India Digitization Fund, his business continues to make investments in India.
Modi is visiting the US from June 21 to June 24 at the invitation of President Joe Biden and First Lady Jill Biden. Besides Pichai, the prime minister at an interaction with top CEOs also met Microsoft CEO Satya Nadella, Apple CEO Tim Cook, OpenAI CEO Sam Altman, and AMD CEO Lisa Su, among others “Today we are announcing the opening of our global fintech operations center in GIFT City, Gujarat. It will cement India’s fintech leadership, thanks to UPI, and Aadhaar. We are going to build on that foundation and take it globally,” Pichai said.
The CEO of Indian descent expressed excitement about the nation’s advancements, particularly with regard to the goal of Digital India and the economic opportunities.
“I first spoke with the prime minister in December, and we kept in touch. We mentioned that Google is contributing USD 10 billion to the India Digitalization Fund, and we continue to invest through it, particularly in artificial intelligence (AI)-related startups. We have a 100-language project as a component of that. Soon, we’ll be bringing bot to more Indian languages, according to Pichai.
According to him, the prime minister’s plan for a “Digital India” was innovative. According to Pichai, “I now see it as a blueprint that other countries are looking to do so.”
In a tweet, the ministry of external affairs stated that Prime Minister Modi had invited Google CEO Sundar Pichai to investigate more opportunities for cooperation in the areas of artificial intelligence, fintech, and cyber security goods and services, as well as the production of mobile devices in India.
According to the ministry, they also addressed how Google and Indian academic institutions should work together to advance talent development and research.
Google announced intentions to invest USD 10 billion in India over the next five to seven years in July 2020 in an effort to hasten the uptake of digital services in the important international market.
Pichai made the announcement during his visit to India in December of last year. He said that the India Digitization Fund (IDF), which has a $300 million fund, will invest one-fourth of that amount in companies with female leaders.
Google had previously announced a partnership with the Indian Institute of Science, situated in Bengaluru, to gather speech data from 773 districts all over India in order to improve its language translation and search technology.
The internet giant has announced grants totaling USD $1 million (about Rs. 8,300 crore) for Wadhwani AI to use cutting-edge technology for improved agricultural results and USD $1 million (via Google.Org) for the establishment of India’s first responsible artificial intelligence center at IIT Madras.
