Google CEO Sundar Pichai at the company’s Google for India event announced a $10 billion fund to help boost the Digital India campaign under Google for India Digitization fund.  The company will invest the money in the next five to six years. Pichai said that the investment will be done through equity investments, partnerships, operational and infrastructure ecosystem investments.

"Today, I’m excited to announce the Google for India Digitization Fund. Through this effort, we will invest Rs 75,000 crore, or approximately $10 billion, into India over the next 5-7 years. We’ll do this through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments. This is a reflection of our confidence in the future of India and its digital economy," Pichai said.

“Investments will focus on four areas important to India’s digitization. 1: Enabling affordable access and Information for every Indian in their own language, whether it’s Hindi, Tamil, Punjabi or any other language. 2: Building new products and services that are deeply relevant to India’s unique needs. 3: Empowering businesses as they continue or embark on their digital transformation. 4: Leveraging technology and AI for social good, in areas like health, education, and agriculture.

Thanks to Prime Minister Modi’s vision for Digital India, the country has made huge progress in getting a billion Indians online. Low-cost smartphones combined with affordable data, and a world-class telecom infrastructure, have paved the way for new opportunities," Pichai said while announcing the fund.

Earlier in the day, Prime Minister Narendra Modi in a twitter post said, "This morning, I had an extremely fruitful interaction with @sundarpichai. We spoke on a wide range of subjects, particularly leveraging the power of technology to transform the lives of India’s farmers, youngsters and entrepreneurs."

Union Minister Ravi Shankar Prasad welcomed Google's move to invest $10 Billion in India.