Google, the US-based internet behemoth, is getting ready to launch its global fintech operations hub at Gandhinagar's Gujarat International Finance Tec-City (GIFT). Sundar Pichai, the CEO of Google, made the news after meeting Prime Minister Narendra Modi during the latter's visit to the US.
The investment is a big push for GIFT City which houses the country’s first International Financial Services Centre (IFSC), which is being pegged as a global fintech hub. “We are announcing the opening of our global fintech operation centre in GIFT City, Gujarat. This will cement India’s fintech leadership, thanks to UPI and Aadhaar. We will build on that foundation and take it globally,” said Pichai.
“It was an honour to meet PM Modi during his historic visit to the US. Google is also investing $10 billion in India’s digitisation fund including companies working in AI. As part of our 100 language initiative, we’re bringing more Indian languages (on our platform) soon. With the advent of AI, the opportunity for India to progress is exciting,” Pichai said.
Amazon announces fresh $15bn investment
E-commerce giant Amazon pledged to invest $15 billion in India as Prime Minister Narendra Modi prepared to depart the US. In a meeting with David L. Calhoun, president and CEO of Boeing, the PM made a push for funding for space manufacturing in his nation. “Discussed Amazon’s commitment to invest $26 billion in India by 2030; working together we will support start-ups, create jobs, enable exports, and empower individuals and small businesses to compete globally,” Amazon CEO Andy Jassy tweeted after meeting Modi.