Tuesday, July 14, 2020

Google Announces Rs 10 Billion Fund in India

Google's plan to invest $10 billion in India has created lots of buzz in the tech, government, and industry sectors.

The Times of India says that Google will work in areas as diverse as 'affordable access to information in local languages', 'building products', 'digitizing businesses', and applying 'tech and AI' areas like 'health, education and agriculture'.

Livemint says the proposed fund will be raised through a 'mix of equity investments, partnerships, operations, infrastructure and ecosystem investments'. The announced projects include tie-ups with CBSE, Prasar Bharti and a 1 million grant to Kaivalya Foundation.

The Indian Express added that the proposed investments will also be made through projects such as Internet Saathi and the AI-based flood forecasting system. A Techcrunch report details the education projects Google already have in India.

Overall, the reporting was bullish about the proposed investment by the tech giant in India. But, both the Times of India and The Hindu Business Line raised questions about data privacy and data collection by global tech giants such as Google, as India is yet to enact a strong data protection and data privacy law. Times of India also raised concerns about 'digital monopoly quoting Mohandas Pai.

It remains to be seen how the Indian state governments and the start-up ecosystem respond to Google's forays into sectors such as education and blended learning. Also of interest will be how the anti-trust laws against Google elsewhere will have an impact in India and how the legal system will respond to similar suits in India.

Also, the entry of big tech cos into controversial sectors like health, education and agriculture might face some opposition from social activists and farmer's unions.

Meanwhile, the press reports did not have much to say on Google's plans in the health and agriculture sectors.

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