Google to spend $75 mn on women-led India startups; India to be big export economy: Sundar Pichai

While the company did not disclose what was discussed during the meeting, Pichai in a blog to mark start of the visit stated that he would be discussing with Modi how Google is "supporting small businesses and start-ups, investing in cybersecurity, providing education and skills training, applying AI in sectors like agriculture and healthcare, and other priorities".

"Prime Minister Modi's Digital India vision has helped to accelerate the progress we're seeing across India, and I'm excited for India to share its experience with the world as it takes over the G20 presidency in 2023," he said.

While speaking at Google for India 2022 event, he said a part of India Digitisation Fund (IDF) is increasingly focussing on startups from India and one-fourth amount of USD 300 million from the fund will be invested in entities that are led by women.

In July 2020, Google had announced plans to invest USD 10 billion in India over next five to seven years as the search giant looks to help accelerate adoption of digital services in the key overseas market.

The India-born CEO said that the technology is working at a big scale and touching lives of people around the world, which calls for framing responsible and balanced regulation.

"Given the scale and technology leadership it (India) will have, it's important to make sure you are balancing, putting in safeguards for people. You're creating an innovative framework, so that companies can innovate on top of a certainty in the legal framework. I think it is an important moment in time. India will also be a big export economy. It will benefit from an open and connected internet and getting that balance right will be important," Pichai said.

Pichai is on his visit to India after a gap of around three-and-a-half years. He also met President Droupadi Murmu.

He said during each visit he notices that the sophistication of the Indian startup ecosystem is measurably improving and Indian startups like Glance are getting noticed worldwide.

"There is no better time to do a start-up than the current moment. Even though we are working through a macro-economic moment like this. Companies like Google were created in moments of downturn. I think I am very bullish about it over time," Pichai said.

He said that India offers an opportunity to scale up their solutions and implement them across the country.

In his blog, Pichai said Google is working on making text and voice internet search available in over 100 Indian languages.

Google announced a collaboration with Bengaluru-based Indian Institute of Science to collect speech data from 773 districts across India to fine-tune its language translation and search technology.

Google announced a grant of USD 1 million to set up India's first responsible AI (Artificial Intelligence) centre at IIT Madras and USD 1 million grant via Google.Org to Wadhwani AI towards using advanced technology for better agricultural outcomes.

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 skills training, and applying AI in sectors like agriculture and healthcare.

"I'm here to see progress being made from our USD 10 billion, 10-year India Digitization Fund (IDF), and share new ways. We're helping to advance India's digital future at our Google for India event," Pichai said.

Through Google IDF, the company bought a 7.73 per cent stake in Jio for USD 4.5 billion and a 1.2 per cent stake in Bharti Airtel for USD 700 million.

Google at the event announced a collaboration with the National eGovernance Division (NeGD) to enable people with easy access to 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 phones with Android will have Digilocker in-built with them," NeGD President Abhishek Singh said.