Google CEO Pichai pledges $10bn to digitize India

US tech sector sees opportunity amid growing market's anti-China sentiment

20200713N pichai (REUTERS)

Google CEO Sundar Pichai looks to work with the public and private sectors to realize a digital India. © Reuters

AKIRA HAYAKAWA and YIFAN YU, Nikkei staff writers

TOKYO/PALO ALTO, U.S. -- Google CEO Sundar Pichai announced Monday a roughly $10 billion fund that will invest in Indian businesses and infrastructure projects over the next five to seven years.

The move comes as recent anti-China sentiment in India, stemming from the border clashes, offers American tech companies a unique opening to reap market share without strong competition from Chinese rivals.

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