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Biggest Global Corporate Giants Eyes Indian Market

Biggest Global Corporate Giants Eyes Indian Market: Google Joins Facebook, Amazon, Massive Investments in India

The latest update is the globally renowned multinational company and U.S.-based technology giant Google is going to invest a large sum of whopping 10 billion US dollars (75000 cr) in India with a mission of digitizing the economy and empowering India by building products and services. Google CEO Sundar Pichai, the Indian born, announced the news on Monday at the company’s annual event.

Sundar Pichai revealed that the investment will focus on the development of 4 sectors including cost-effective access and information for each and every Indian in their own language, building products and services related to India’s special needs, businesses, digital transformation, and inducing technologies and AI in critical areas like agriculture, health, and education.

Another interesting update is that Google is all set to invest heavily in leading Indian telecom network Reliance Jio, invests $4.5 billion buying a 7.73% stake.

In April, another leading and world-famous social networking organization, Facebook had also invested in India by acquiring a 9.9% stake in India's telecommunication giant Jio for a whopping ₹43,573.62 crores. 

On the other hand, multinational technology e-commerce company based in Seattle(USA), Amazon is all set to invest 1 billion (US dollars) to help small and medium businesses to transform the digital way. The announcement came in January.

It seems that the USA based prominent multinational firms and technology giants are keen to invest in India and companies.  This is a good and appreciable move by American firms, which enables more job opportunities for Indian youth and also enhances the Industrialization and business growth.

Google CEO Sundar Pichai and Prime Minister Narendra Modi interacted with each other on the latest developments in a video conference on Monday. 

PM Modi also tweeted that the interaction with Google CEO Pichai was extremely fruitful, and discussed various topics such as technology usage in transforming the lives of farmers, youth, and entrepreneurs.

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