The amount will include equity investment as well as a corpus for potential commercial agreements
Bharti Airtel and Google on Friday, January 28, 2022, said that they will partner on a long-term, multi-year agreement to accelerate the growth of India’s digital ecosystem, under which Google intends to invest up to USD 1 billion.
The amount is part of the USD 10 billion ‘Google for India Digitization Fund’, which was announced by CEO of Google and Alphabet Sundar Pichai in 2020, and will include equity investment as well as a corpus for potential commercial agreements, to be identified and agreed on mutually agreeable terms over the course of the next five years, the companies said in a statement.