The fintech operation centre will cement India’s fintech leadership, thanks to UPI, and Aadhaar said Google CEO, Sundar Pichai
The investment comes from the $10 Bn India Digitisation Fund, which has been deployed to invest in tech, telecom and startups in India
PM Modi has invited Pichai to explore further collaboration in AI, fintech, cybersecurity and mobile device manufacturing in India
Tech giant Google will set up its global fintech operation centre at the GIFT City in Gujarat, CEO Sundar Pichai said on Friday (June 23) following his meeting with India’s Prime Minister Narendra Modi in Washington DC.
“Today we are announcing the opening of our global fintech operations centre in GIFT City, Gujarat. It will cement India’s fintech leadership, thanks to UPI, and Aadhaar. We are going to build on that foundation and take it globally,” said Pichai.
The Indian-origin CEO said it was exciting to see the progress India has made, particularly around the vision of Digital India. Pichai added that Google continues to invest in India through the $10 Bn India Digitisation Fund launched in 2020.
“I met the prime minister in December, and we continued our conversation. We shared that Google is investing $10 Bn in the India digitisation fund and we are continuing to invest through that, including in companies working on artificial intelligence. As part of that, we have a 100-language initiative. We are bringing bot to more Indian languages very soon,” Pichai said.
Post the meeting, the Ministry of External Affairs tweeted that PM Modi has invited Pichai to explore further collaboration in artificial intelligence, fintech, cybersecurity and mobile device manufacturing in India. The duo also discussed collaboration between Google and academic institutions in India to promote research and development and skill development, the ministry added.