Internet giant Google will set up its global fintech operation centre at GIFT City in Gujarat, its CEO Sundar Pichai said on Friday after meeting Prime Minister Narendra Modi in Washington, DC.
Pichai also said that his company continues to invest in India through its USD 10 billion India Digitisation Fund.
Today’s Rate
Saturday 28 Sept. 2024
Modi was visiting the US from June 21 to June 24 at the invitation of President Joe Biden and First Lady Jill Biden. Besides Pichai, the prime minister at an interaction with top CEOs also met Microsoft CEO Satya Nadella, Apple CEO Tim Cook, OpenAI CEO Sam Altman, and AMD CEO Lisa Su, among others
“Today we are announcing the opening of our global fintech operations centre in GIFT City, Gujarat. It will cement India’s fintech leadership, thanks to UPI, and Aadhaar. We are going to build on that foundation and take it globally,” Pichai said.
The Indian-origin CEO said it is exciting to see the progress that the country has made, particularly around the vision of Digital India and the economic opportunity.
“I met the prime minister in December, and we continued our conversation. We shared that Google is investing USD 10 billion in the India digitisation fund and we are continuing to invest through that, including in companies working on artificial intelligence. As part of that, we have a 100-language initiative. We are bringing bot to more Indian languages very soon,” Pichai said.
He said that the prime minister’s vision for Digital India was ahead of its time. “I now see it as a blueprint that other countries are looking to do so,” Pichai said.
E-commerce giant Amazon plans to invest USD 15 billion more in India, taking its total investment in the country to USD 26 billion, a top official of the company has said.
After meeting Prime Minister Narendra Modi in the US, Amazon CEO Andy Jassy said the company has already invested USD 11 billion in India till date.
“I had a very good and productive conversation with Prime Minister Modi. I think we share a number of goals. Amazon is one of the biggest investors in India. We have invested USD 11 billion till date and intend to invest another USD 15 billion, which will bring the total to USD 26 billion. So we are very much looking forward to future of partnering,” Jassy said on Friday.
