internet giant Google Its CEO Sundar Pichai said after meeting Prime Minister Narendra Modi here on Friday that the company will set up its global fintech operation center in Gujarat’s GIFT City.
Pichai also said that his company will continue to invest in India through its $10 billion India Digitization Fund.
Modi is visiting the US from June 21 to June 24 at the invitation of President Joe Biden and First Lady Jill Biden. Apart from Pichai, the Prime Minister also met top CEOs. Microsoft CEO Satya Nadella, Apple CEO Tim Cook, OpenAI CEO Sam Altman and AMD CEO Lisa Su, among others, said, “Today we are announcing the opening of our global fintech operations center in GIFT City, Gujarat. It will strengthen India’s fintech leadership powered by UPI and Aadhaar. We look forward to building are going.” Build on that and take it global,” Pichai said.
The Indian-origin CEO said it is exciting to see the progress the country has made, especially in the vision of Digital India and economic opportunity.
“I met the Prime Minister in December, and we continued our conversation. We shared that Google is investing USD 10 billion in India’s Digitization Fund and we continue to invest through this, including in artificial intelligence As part of the same, Pichai said, “We have a 100-languages initiative. We are rolling out the bot in more Indian languages very soon.”
He said that the Prime Minister’s vision for Digital India is ahead of its time. “Now I see it as a blueprint for what other countries are looking to do,” Pichai said.
In a tweet, the Ministry of External Affairs said that Prime Minister Modi invited Pichai to explore further avenues of cooperation in the fields of artificial intelligence, fintech and cyber security products and services as well as mobile device manufacturing in India.
The ministry said they also discussed collaboration between Google and educational institutions in India to promote R&D and skill development.
In July 2020, Google announced plans to invest US$10 billion in India over the next five to seven years, as the search giant seeks to help accelerate the adoption of digital services in the key overseas market.
During his visit to India in December last year, Pichai had announced that a portion of the India Digitization Fund (IDF) was increasingly focused on India’s startups and that one-fourth of the USD 300 million from the fund would go to those entities. Will invest in companies that are led by women.
Google had announced a collaboration with the Bengaluru-based Indian Institute of Science to collect speech data from 773 districts across India to improve its language translation and search technology.
The internet major has announced a grant of US$1 million (about Rs 8,300 crore) to set up India’s first Center for Responsible Artificial Intelligence at IIT Madras and Google. Org has given a grant of US$ 1 million. Result.