Arab Press

بالشعب و للشعب
Friday, Aug 22, 2025

Google Said It Would Invest $10 Billion In India. Nearly Half Of It Is Going To The Country's Richest Man.

Google Said It Would Invest $10 Billion In India. Nearly Half Of It Is Going To The Country's Richest Man.

On Monday, Google announced that it will invest $10 billion in India over the next few years. Two days later, the company revealed a key detail: Nearly half of the money will go to a top telecom operator owned by Asia’s richest man. Google is the second large Silicon Valley tech company to buy a stake in Jio Platforms after Facebook.
The internet giant will invest $4.5 billion into Jio Platforms as part of a plan to "increase access for the hundreds of millions in India who don't own a smartphone," Google CEO Sundar Pichai tweeted Wednesday. Mukesh Ambani, Jio's owner, has a net worth of more than $70 billion.

Google first unveiled the $10 billion Digitization Fund for India on Monday at an online event featuring key Google executives, including Pichai, and members of the Indian government. The company said the money would go toward providing Indians with inexpensive internet access, digitizing the country’s small and medium businesses, and using artificial intelligence in areas like healthcare, agriculture, and education.

Over the last few years, India has become a key market for large American tech companies as they seek growth beyond the United States and Europe. More than 500 million Indians - just under half the country’s population - are now online, and nearly all of them use inexpensive smartphones that run Google’s Android operating system.

Most of that growth has been fueled by Jio. Ambani, an industrialist, founded Jio and pumped it with $35 billion to blanket the country with a high-speed 4G network, which brought the price of data down to pennies. The move launched a telecom pricing war in India and made Jio the country’s largest telecom carrier with nearly 370 million subscribers - more than the entire population of the United States. Jio plans to grow by rolling out internet-powered services such as e-commerce, streaming TV, music services, online gaming, and videoconferencing apps.

As part of the Jio investment, Google and Jio will also work together to create an affordable, entry-level Android smartphone for more than 500 million Indians who still don't have access to the internet, both companies said.

Over the last three months, investors from around the world have poured in $20 billion into Jio Platforms. In April, Facebook announced that it would buy nearly 10% of the company for $5.7 billion. Facebook’s investment was followed by American private equity firms General Atlantic, Vista Equity Partners, and Silver Lake Partners, as well as chip giants Intel and Qualcomm.
Comments

Robin Vihaan Hood 5 year ago
More and more of the American investors money will flow to India. Some may call it just the standard corruption among “our type“. I call it social justice.

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Trump Backs Putin’s Land-for-Peace Proposal Amid Kyiv’s Rejection
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
United States Sells Luxury Yacht Amadea, Valued at Approximately $325 Million, in First Sale of a Seized Russian Yacht Since the Invasion of Ukraine
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Russia Formally Recognizes Taliban Government in Afghanistan
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Germany Seeks Taliban Deal to Deport Afghan Migrants
Emirates Airline Expands Market Share with New $20 Million Campaign
Robots Compete in Football Tournament in China Amid Injuries
×