Google’s $10 Billion Investment in India Promises Digitalization Growth

Google`s recent announcement that they will be investing $10 billion in India shows that the country is increasingly among the biggest players in the digital and tech space.

Google`s recent announcement that they will be investing $10 billion in India shows that the country is increasingly among the biggest players in the digital and tech space.

This is not necessarily the first time a tech giant has invested in India and neighbouring nations. Facebook and PayPal have already seen the value in Indonesian ride-hailing and food-delivery company Gojek.

Previously, Facebook had also invested heavily in India`s Jio Platforms.

India, evidently, is the land of opportunity for many online industries at the moment. One great example is the growing trend of iGaming in the country. If we check some Indian casinos listing sites, we’ll see some big players like 888, Unibet and LeoVegas.

Alibaba Group Holding Limited are also involved in iGaming via their AGTech Holdings Limited and Paytm First Games. They have more than 300 million customers.

The investment will span across five to seven years and, according to chief executive of Google Sundar Pichai, "is a reflection of our confidence in the future of India and its digital economy."

Four focus areas of this latest investment:

  1. Enable affordable access in Indian languages such as Tamil, Punjabi and Hindi.
  2. Create new products entirely relevant to the country`s unique requirements.
  3. Enable the digital transformation of many Indian businesses even more.
  4. Benefit the health, agriculture and education sectors with technology and artificial intelligence.

What makes India popular for prospective tech investors

  •      Relatively young country: half the population under 25 years old
  •      More than 500 million low-cost smartphones in use
  •      Strong information technology sector
  •      Popular digital payment methods
  •      Increasing number of iGaming and tech platforms

Google, Paypal and Facebook`s ventures into the Indian tech market have reaffirmed the promise of Baazi Games early in 2020.

In 2019, Baazi Games had invested $1 million in their fantasy cricket game. They have since stuck another $5 million in iGaming industry in India.

"Baazi Games has played a major role in revolutionising the way card games and fantasy sports are played in the country," said Baazi Games founder and chief executive officer Navkiran Singh earlier this year.

"We will further catalyse the growth of the industry and pave way for newer innovations. We look forward to the bright future of gaming in India."

The `way` is, indeed, being paved – and that `bright future` is all but upon us.

 


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