India-US “Hi-Tech Handshake”: Google, Microsoft, Amazon to invest in India’s technological growth

Google, Microsoft, and Amazon, will invest in India’s technological growth.
“AI for All” and “Manufacturing for Mankind.” were the two primary topics of an event called, the India-US “Hi-Tech Handshake” which was held at the White House.

US tech giants Google, Microsoft, and Amazon, have said they will invest in India’s technological growth.
At an event to promote this effort, Indian PM Modi and American President Joe Biden met with CEOs of American and Indian digital startups and enterprises.

President Biden gave PM Modi a unique gift at the event: a t-shirt with Modi’s AI remark, highlighting the partnership between America and India in influencing the field’s future.

The India-US “Hi-Tech Handshake” event featured prominent individuals from a variety of sectors, demonstrating the potential of India-US tech cooperation for economic growth. These sectors represented at the event included semiconductors, manufacturing, space, and startups. During the summit, significant investment promises were announced.

Over the following seven years, Amazon aims to invest an additional $15 billion, increasing its overall investment in India across all business sectors to $26 billion. On the other side, Google has declared Gujarat as the location of its global financial operation center. During his discussion with the Prime Minister, Microsoft Chairman and CEO Satya Nadella spoke about the potential of technology, particularly Artificial Intelligence (AI), to improve Indians’ quality of life.

Jugalbandi, an AI-driven chatbot that offers government assistance via mobile devices, was just released by Microsoft. Using language models from AI4Bharat and reasoning models from Microsoft Azure OpenAI Service, it can understand questions in a variety of languages and retrieve pertinent information in the native tongue.

Google CEO Sundar Pichai announced a $10 billion investment in India’s digitalization fund and a global fintech operation center in Gujarat.

Amazon pledged to support Indian entrepreneurs, employment creation, exports, and small businesses with the tools they need to compete globally. The company intends to digitalize 10 million small businesses by 2025, enabling $20 billion in exports and 2 million new employment in India.

Prominent US and Indian business leaders like  Google CEO Sundar Pichai, OpenAI CEO Sam Altman, Microsoft CEO Satya Nadella, Apple CEO Tim Cook, Anand Mahindra and Mukesh Ambani were present at the India-US “Hi-Tech Handshake” event.

Conclusion:
At an event to promote this effort, Indian PM Modi and American President Joe Biden met with CEOs of American and Indian digital startups and enterprises.

Amazon will invest $15 billion in India over seven years, bringing its total business sector investment to $26 billion. Google has declared Gujarat as its global financial operation center. Microsoft’s Jugalbandi, an AI-driven chatbot, offers government assistance via mobile devices.

Google CEO Sundar Pichai announced plans to create a worldwide fintech operation center in Gujarat and invest $10 billion in India’s digitization fund. Amazon reaffirmed its commitment to helping Indian entrepreneurs, fostering job growth, promoting exports, and providing tools for global competition. Micron Technology plans to invest $2.75 billion in Gujarat to build a semiconductor assembly and test facility.