Alphabet Inc Commits $10 Billion to India
Alphabet Inc’s Google said it would spend around $10 billion in India over the next five to seven years through equity investments and tie-ups, marking its biggest commitment to a key growth market. The investments will be done through a so-called digitization fund, highlighting Google’s focus on the rapid pace of growth of apps and software platforms in India, one of the world’s biggest internet services markets. Google wants to bolster the growth of internet in India, which currently has over 500 million active users, and help get another 500 million people online. Beyond investments via the fund, Google, would also focus on areas like artificial intelligence and education in India.
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