Google said on Monday that it plans to invest $10 billion in India in the next five to seven years as the search giant looks to expand its presence in the key overseas market.
“We will do this through a mix of equity investment, partnerships, and investment in local infrastructure,” said Google chief executive Sundar Pichai at the company’s sixth annual event in India today. The company is calling its commitment Google for India Digitization Fund.
India is a key overseas market for Google, where a range of its products and services including Search, YouTube, and Android have made inroads with much of the online population.
Though Google, like every other American tech giant, makes only a fraction of its revenue from the world’s largest internet market.
More to follow…