Google CEO Sundar Pichai announced an investment of roughly Rs 75,000 crore in India over the next five to seven years to boost India’s digital economy. Taking to Twitter, Sundar Pichai wrote, “Today at #GoogleForIndia we announced a new $10B digitization fund to help accelerate India’s digital economy. We’re proud to support PM @narendramodi’s vision for Digital India – many thanks to Minister @rsprasad & Minister @DrRPNishank for joining us”. The announcement by Pichai came after his virtual meeting earlier today with Prime Minister Narendra Modi. Information Technology Minister Ravi Shankar Prasad and Human Resource Development Minister Ramesh Pokhriyal Nishank were also present at the online event.

Pichai, who is the CEO of both Google and its parent company Alphabet, said, “This is a reflection of our confidence in the future of India and its digital economy”.

The investment will be done through a mix of equity investments, partnerships and operational infrastructure in ecosystem investments, Pichai said. Pichai added that he wants India not only to benefit from the next wave of innovation but also to lead it.

Earlier PM Modi had tweeted, “This morning, 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.”

In a separate announcement, Google said it will partner with 1 million teachers across 22,000 Central Board of Secondary Education (CBSE) schools by the end of 2020.