CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which company will invest a $10 billion in India over the next 5-7 years through a mix of equity investments, partnerships and operational infrastructure in ecosystem investments?
A
Amazon
B
Paytm
C
Microsoft
D
Google
Explanation: 

Detailed explanation-1: -Google said on Monday that it plans to invest $10 billion in India over next five to seven years as the search giant looks to help accelerate adoption of digital services in the key overseas market.

Detailed explanation-2: -The company had launched $10 billion India Digitisation Fund to make access to the internet affordable. It also announced several projects powered by artificial intelligence, including speech technology, voice and video search etc.

Detailed explanation-3: -It has invested $4.5 billion in Reliance Industries’ Jio Platforms and led an investment of $145 million in InMobi’s Glance, which also owns a short-video platform, Roposo.

Detailed explanation-4: -The investment will help India’s small businesses adopt digital tools as India works to adopt digital education, payments and e-commerce amid the pandemic, Google said in a blog post.

Detailed explanation-5: -Google’s investment is targeted towards increasing availability of cheaper android devices, 5G networks and more cloud services in India. Google’s $1 billion investment is a just a part of its pledged $10 billion investment, which it will invest over the next 5-7 years to digitise the Indian economy.

There is 1 question to complete.