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Google CEO Sundar Pichai

unveils plans for fintech hub in
GIFT City, Gujarat

Prime Minister Narendra Modi Me…

2 Min Read

By Anand Singha
Jun 24, 2023 3:27:26 AM IST (Published)

Prime Minister Modi convened a meeting

with tech executives from the United
States and India in Washington today. It
was during this gathering that Pichai
made the announcement.

Google CEO Sundar Pichai announced on

Saturday (June 24) the opening of Google's
global fintech operation center in GIFT City,
Gujarat, during a meeting with Indian Prime
Minister Narendra Modi in Washington, D.C.
The move will cement India's fintech
leadership position and leverage the success
of the Unified Payments Interface (UPI) and
Aadhaar, India's unique identification
system.

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"We are excited today that we are

announcing the opening of our global
fintech operation centre in GIFT City, Gujarat.
It will cement India's fintech leadership,
thanks to UPI and Aadhaar. And we are
going to build on that foundation, and take
it globally," Pichai said.

Expressing his honor to meet with Prime

Minister Modi during the historic visit to the
United States, Pichai commended the
progress India has made, particularly in the
realm of digital innovation and economic
opportunities. He highlighted Google's
commitment to India's digital
transformation, with a total investment of
$10 billion in the country's digitisation fund.

"I met the prime minister in December. We

continued our conversation today. We
shared with the Prime Minister that Google
is investing $10 billion in India's digitisation
fund."

Pichai emphasised that Google's

investments in India will focus on artificial
intelligence (AI) initiatives, including the
development of technologies that support
Indian languages. He mentioned plans to
expand the availability of Google's AI-
powered voice assistant, Bard, to more
Indian languages in the near future.

Pichai expressed enthusiasm for the

progress India has made in harnessing the
power of AI and the exciting opportunities it
presents for the country's advancement.

He pledged Google's support for Prime

Minister Modi's vision of Digital India and
recognised it as a blueprint that other
nations are keen to emulate. The scaling up
of India's digital ecosystem will be a crucial
model for other countries, making it a
significant topic of discussion at the
upcoming G20 summit in India.

"PM’s vision for Digital India was way ahead

of his time. I now see it as a blueprint for
other countries. And the follow through on
the scaling up of India's digital stake is a
model for other countries. It will be
something important in the G20 as well,
which is obviously happening in India."

Also read: India's Global Impact — Insights

from US Vice President Kamala Harris'
travels

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