Google to Invest $10B in India

#1

Post by jmsflknr » Mon, Jul 13, 2020, 8:54 AM UTC

Google to Invest $10B in India
techcrunch.com

Re: Google to Invest $10B in India

#2

Post by sumanthvepa » Mon, Jul 13, 2020, 9:46 AM UTC

It is fairly routine for foreign companies to tout ther investments into their host countries’ economies. The headline figure is usually chosen for its marketing value rather than to fit any kind of GAAP definition.The real investment levels may not always match.

Re: Google to Invest $10B in India

#3

Post by amrrs » Mon, Jul 13, 2020, 9:48 AM UTC

There's been a recent surge in American companies investing in India primarily through Reliance Jio (owned by Mukhesh Ambani who's got a good connect with the current ruling Government). It's been spiking since the Anti-China sentiment led Buy and Use 'Made in India' cries. Government has even asked eCom Flipkart and Amazon to display Country of Origin for each product.

With all these, This investment from Google seems another strategic move by an American company to say that we're truly concerned about Indian growth. So that their development centers here or products made for India don't get flagged as American.

Reference - Foxconn, Intel, Qualcomm, Facebook

https://economictimes.indiatimes.com/tech/hardware/apple-sup...

https://techcrunch.com/2020/07/12/qualcomm-to-invest-97-mill...

https://www.cnet.com/news/after-facebook-intel-invests-into-...

Re: Google to Invest $10B in India

#4

Post by bamboozled » Mon, Jul 13, 2020, 9:48 AM UTC

Getting the feeling China has blown it and successful companies looking to expand into Asia are now looking at India instead.

I also saw that Foxconn is looking to build Apple products in India now too.

Re: Google to Invest $10B in India

#5

Post by [deleted] » Mon, Jul 13, 2020, 9:50 AM UTC

[deleted]

Re: Google to Invest $10B in India

#6

Post by mytailorisrich » Mon, Jul 13, 2020, 10:03 AM UTC

amrrs wrote: post #3

There's been a recent surge in American companies investing in India primarily through Reliance Jio (owned by Mukhesh Ambani who's got a good connect with the current ruling Government). It's been spiking since the Anti-China sentiment led Buy and Use 'Made in India' cries. Government has even asked eCom Flipkart and Amazon to display Country of Origin for each product. With all these, This investment from Google see…

I think this rather shows the continued weakness of India.

On one hand, China and nationalism are used as a tool by the Indian government (not least while the Covid-19 situation goes pear-shaped), on the other hand they are at least as dependent on US companies, if not more.

I think India should rather reflect on China's industrial strategy, including investments in infrastructure and fostering the development of national giants when India is lacking on both fronts.

Re: Google to Invest $10B in India

#7

Post by buran77 » Mon, Jul 13, 2020, 10:05 AM UTC

bamboozled wrote: post #4

Getting the feeling China has blown it and successful companies looking to expand into Asia are now looking at India instead. I also saw that Foxconn is looking to build Apple products in India now too.

Companies don't invest billions in India to shaft China, they're doing it to maintain or grow their position on the Indian market, which is a huge one. If India suddenly sees a wave of "build it at home" sentiment then Google or Apple won't want to be left out and fall behind the competition.

Publicly traded companies can't afford to play favorites, they "have to" go where the profits are and make the best of it, whether it's decades of being the mole in a wack-a-mole game with the Chinese system, or having to invest extra billions in India.

For example the largest manufacturing plant BMW has is in the US. But that's not because it's cheaper to build there, or because they want to shaft Germany. It's because they wanted access to that market in an economically and socially acceptable fashion, making them the biggest auto exporter by value in the U.S. The "socially acceptable" may not have worked since even the White House was unaware of this, presumably many Americans also.

Re: Google to Invest $10B in India

#8

Post by mango_indian » Mon, Jul 13, 2020, 10:11 AM UTC

Any idea on the split, what is 10 billion going to, devlopers? Apps? Infra?, What vague shit is this ecosystem..

Re: Google to Invest $10B in India

#9

Post by kaushikt » Mon, Jul 13, 2020, 10:11 AM UTC

First Facebook invests $6bn in India with Jio and now Google. There is a lot of potential in the growing Indian consumer base.

- 2nd most populated country on the internet

- english speaking is wide spread

- adoption towards 'an app for everything' has grown substantially in the past decade.

So far, I think Google has invested in FreshWorks and Dunzo. I don't think there was a lot of active participation so far, this might change now.

Re: Google to Invest $10B in India

#10

Post by kjaftaedi » Mon, Jul 13, 2020, 10:13 AM UTC

Google has been funneling around 20 billion dollars yearly through Bermuda to evade taxes using the infamous 'irish double sandwich'.

Pressure from the US and EU is finally forcing Ireland to change their laws.

Google is in a situation when they have money that they need to figure out a plan for since they can't do as much tax evasion as they previously were permitted to.

https://www.caymancompass.com/2020/01/02/google-to-end-bermu...