Google to invest USD 10 billion in India’s digitisation fund: Sundar Pichai

Internet giant Google is investing USD 10 billion in India’s digitisation fund, its CEO Sundar Pichai has told Prime Minister Narendra Modi, a step that will recognise India’s leadership on fintech and will support small and large businesses in India, the US and around the world.

Pichai met Prime Minister Modi here on Friday and also announced the opening of Google’s global fintech operation centre in the Gujarat International Finance Tec-City (GIFT) in Gandhinagar. 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, Pichai said.

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, he added. Google today announced that it will open a Google Fintech Global Operations Center in GIFT City, Gujarat, with teams working on specialised operations supporting GPay and other product operations at Google.

Google has been operating in India since 2004, with offices in five key cities across the country with thousands of talented employees. We currently have offices in Bangalore (Bengaluru), Hyderabad, Gurgaon - Delhi NCR, Mumbai and Pune, the spokesperson said.

In 2020, deepening its commitment to India and a reflection of its confidence in India’s growing role in the global technology arena, Google announced the Google for India Digitisation fund, a commitment to invest USD 10 billion (approximately Rs 75,000 crores) focussing on four areas.