On Monday, Google CEO Sundar Pichai said that he would invest a whopping $ 10 billion in India's digital ecosystem in the next 5-7 years. when asked about the possibility of investing in Jio platforms, he neither denied nor agreed. According to the report, Google can invest a huge amount of 4 billion (about 30 thousand crores) in Mukesh Ambani's company Jio Platforms. The negotiations are being considered in the last stage.
So far, if the investment of 1.18 lakh crores gets the final seal on this deal, then Google will have the largest stake in the company after Facebook. Facebook has invested a whopping Rs 44,000 crore for a 9.99 per cent stake in Jio. Since then dozens of investors have invested in the company so far. Mukesh Ambani has raised about Rs 1.18 lakh crore by selling a stake in Jio.
Sundar Pichai said that India is the fifth-largest economy in the world. The company will invest $ 10 billion over the next 5-7 years. Regarding how the investment would be made, he had said that Google would invest equity in big companies, start-ups and partnership businesses. That means they will buy a stake in such companies. It will also spend more on digital infrastructures, such as the company's focus on building and developing data centres.
In the interview, when he was asked about investing in Jio and Voda-Idea, he neither replied yes nor replied to this deal. Earlier in May, there were reports that Google could buy a 5 per cent stake in Vodafone-Idea. However, the news was later denied by Vodafone. It has officially said that no talks are officially going in this direction.