Google invests $10 billion in India’s Digitization Fund

Washington: 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.