Google to invest $75 million in Indian start-ups led by women India to become a major export economy Sundar Pichai

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New Delhi, Dec 19 (PTI) Google is building voice and text search for more than 100 Indian languages ​​and will spend $75 million to support women-led start-ups in the country, CEO Sundar Pichai told beginning of his visit to India. a nation that he viewed as a large export economy.
India, he said, will be a large export economy and needs to strike a balance between protecting citizens and allowing companies to innovate with its framework.
Pichai first met with IT and Telecom Minister Ashwini Vaishnaw and spoke at a Google for India 2022 event before calling Prime Minister Narendra Modi.
“Thank you for a great meeting today, PM @narendramodi. Inspiring to see the rapid pace of technological change under your leadership. We look forward to continuing our strong partnership and supporting India’s G20 Presidency in promoting an open and connected Internet that works for everybody”. he tweeted after the meeting.
While the company did not reveal what was discussed during the meeting, Pichai in a blog post to mark the start of the visit stated that he would discuss with Modi how Google is “supporting small businesses and startups, investing in cybersecurity, providing education and training in skills, application of AI in sectors such as agriculture and health, and other priorities”.
“Prime Minister Modi’s digital India vision has helped accelerate the progress we are seeing across India, and I am excited for India to share its experience with the world as it assumes the G20 presidency in 2023,” he said.
Speaking at the Google for India 2022 event, he said that a portion of the India Digitalization Fund (IDF) is increasingly focusing on Indian startups and that a quarter of the fund’s $300 million will be invested in entities led by women.
In July 2020, Google announced plans to invest $10 billion in India over the next five to seven years, as the search giant looks to help accelerate the adoption of digital services in the key foreign market.
The Indian-born CEO said the technology is working on a large scale and affecting the lives of people around the world, which calls for framing responsible and balanced regulation.
“Given the scale and technology leadership that (India) will have, it’s important to make sure that you’re balancing, putting safeguards for people. You’re creating an innovative framework, so that companies can innovate as well as certainty in the legal framework.” I think it’s an important moment in time. India will also be a large export economy. You will benefit from an open and connected Internet, and striking that balance will be important,” Pichai said.
Pichai is visiting India after an interval of about three and a half years. He met with President Droupadi Murmu, Prime Minister Narendra Modi and held a joint session with Union IT and Telecommunications Minister Aswhini Vaishnaw.
He said that during each visit he notices that the sophistication of the Indian start-up ecosystem is improving considerably and that Indian start-ups like Glance are making a name for themselves around the world.
“There’s no better time to do a startup than right now. Even though we’re working in a macroeconomic time like this. Companies like Google were created in times of recession. I think I’m very optimistic about that time,” Pichai said.
He said that India offers an opportunity to scale up its solutions and implement them across the country.
In his blog, Pichai said that Google is working to make text and voice Internet search available in more than 100 Indian languages.
Google announced a collaboration with the Bangalore-based Indian Institute of Science to collect voice data from 773 districts across India to fine-tune its language search and translation technology.
Google announced a $1 million grant to establish India’s first AI (artificial intelligence) responsible center at IIT Madras and a $1 million grant through Google.Org to Wadhwani AI to use advanced technology to achieve better agricultural results.
Pichai said the pace of technological change in the country has been extraordinary and Google is supporting small businesses and startups, investing in cybersecurity, providing education and training, and applying AI in sectors such as agriculture and healthcare.
“I’m here to see the progress being made with our $10 billion, 10-year India Digitization Fund (IDF), and share new ways. We’re helping power the digital future from India at our Google for India event.
Through the Google IDF, the company bought a 7.73% stake in Jio for $4.5 billion and a 1.2% stake in Bharti Airtel for $700 million.
At the event, Google announced a collaboration with the National e-Government Division (NeGD) to enable people to easily access their authentic digital documents, directly from the Files by Google app on Android.
“Very soon, the Digilocker app will become part of the Android ecosystem. All Android phones have Digilocker built-in,” said NeGD Chairman Abhishek Singh. PTI PRS ANZ HVA

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