Google to give Rs 109 crore to support SMBs in India


New Delhi, Feb 17 (IANS): Google on Wednesday said it would give $15 million (nearly Rs 109 crore) to support small and micro enterprises in India in the face of Covid-19 pandemic.

The investment is part of the $75 million commitment from Google to help small businesses outside of the US.

"In India, we will invest $15 million to support small and micro enterprises across the country and are in discussions with local partners," the company said in a statement.

The company is working with non-government partners who have a long track record of providing resources to businesses that are generally overlooked by traditional lenders.

When the pandemic hit last year, Google announced a $200 million investment fund as part of its more than $800 million commitment to support small businesses.

"Gogle has had a special relationship with small businesses around the world – helping them scale, innovate and reach new customers. With today's announcement, we're proud to help them meet a new challenge — accessing capital needed to recover and build resiliency for the future," the tech giant said.

In July last year, the company's CEO Sundar Pichai announced a Google for India digitisation fund through which, the company will invest Rs 75,000 crore or approximately $10 billion over the next five to seven years to help India go digital.

"We will do this through a mix of equity investment, partnerships and an operational infrastructure ecosystem in India. This is a reflection of our confidence in the future of India and its digital economy," Pichai said during the ‘Google for India' virtual conference.

 

  

Top Stories

Comment on this article


Leave a Comment

Title: Google to give Rs 109 crore to support SMBs in India



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.