US tech giant Google is investing in a $10 billion fund to help accelerate India’s transition to a digital economy

-

US tech giant Google is investing in a $10 billion fund to help accelerate India’s transition to a digital economy in the next five to seven years.

Google to invest $10 billion in India | TechCrunch

Sundar Pichai, CEO of Alphabet Inc’s Google, said on Monday that the project will focus on building products that are relevant to India’s needs and empowering businesses for their “digital transformation”.

“Our goal is to ensure India not only benefits from the next wave of innovation, but leads it,” Pichai said in a digital keynote at a Google for India event.

The company also announced it will invest $1 million to support digital education in India. It said the fund will enable one million teachers in 22,000 schools across the country to use Google services that can facilitate online learning.

Prime Minister Narendra Modi has made digitisation a major priority for India, his government says.

He envisions a “Digital India” where high-speed Internet access will empower entrepreneurs to build software and other technology products to help raise the standard of living in a country where many households are still impoverished.

The Indian premier styles himself as a leader in touch with technology and has nearly 60 million Twitter followers.

Modi said in a tweet that he and Pichai met and discussed a wide range of subjects, “particularly leveraging the power of technology to transform the lives of India’s farmers, youngsters and entrepreneurs”.

“I was delighted to know more about the efforts of Google in several sectors, be it in education, learning, Digital India, furthering digital payments and more,” he said.

 


Comments

Post a Comment

Popular posts from this blog

Bahrain said on Wednesday it was committed to the creation of a Palestinian state in talks with US

-
Image
  Bahrain said on Wednesday it was committed to the creation of a Palestinian state in talks with US State Secretary Mike Pompeo, implicitly rejecting his push for Arab countries to swiftly normalise ties with Israel. Pompeo was in Manama as part of a Middle East trip aimed at building more ties between the Jewish state and the Arab world after a with the United Arab Emirates. However, Bahrain's King Hamad bin Isa Al-Khalifa said he told Pompeo that his country remains committed to the Arab Peace Initiative — which calls for Israel's complete withdrawal from the Palestinian territories occupied after 1967, in exchange for peace and the full normalisation of relations. “The king stressed the importance of intensifying efforts to end the Palestinian-Israeli conflict according to the two-state solution [...] to the establishment of an independent Palestinian state with East Jerusalem as its capital,” the official (BNA) reported. The US chief diplomat has said he is h...
Read more

Lebanan: The death toll was expected to rise from the blast

-
Image
Lebanese rescue teams pulled out bodies and hunted for missing in the wreckage of buildings on Wednesday as investigations blamed negligence for a massive warehouse explosion that sent a devastating blast wave across Beirut, killing at least 135. More than 5,000 people were injured in Tuesday’s explosion at Beirut port, Health Minister Hamad Hassan said, and up to 250,000 were left without homes fit to live in after shockwaves smashed building facades, sucked furniture out into streets and shattered windows miles inland. Hassan said tens of people remained missing. Prime Minister Hassan Diab declared three days of mourning from Thursday. The death toll was expected to rise from the blast, which officials blamed on a huge stockpile of highly explosive material stored for years in unsafe conditions at the port. The explosion was the most powerful ever to rip through Beirut, a city still scarred by civil war that ended three decades ago and reeling from an economic meltdown and a ...
Read more

TEHRAN: Iran’s Revolutionary Guards blasted a mock-up of a US aircraft carrier with missiles on Tuesday

-
Image
TEHRAN: Iran’s Revolutionary Guards blasted a mock-up of a US aircraft carrier with missiles on Tuesday during military exercises in sensitive Gulf waters, state television reported. The exercises — dubbed “Prophet Mohammed 14th” — were held near the Strait of Hormuz, a vital shipping lane for a fifth of global oil output. The US Navy condemned the “irresponsible and reckless behaviour by Iran”, calling it an attempt “to intimidate and coerce”. The Iranian maritime manoeuvre was staged at a time of heightened tensions between Iran and its decades-old arch enemy the United States. Footage of the war games broadcast on state television showed the Guards’ air and naval forces readying for an attack off the country’s southwestern coast. Speedboats skimmed across the water in formation before ground forces fired cannons and a missile was launched from a helicopter. The mock-up of a Nimitz-class aircraft carrier came into view with rows of dummy fighter jets on either side of its lan...
Read more