Will Google capitalize on Indian interest?
Well-run companies often have clients seek them out. In Google’s case, the latest ‘client’ to do so is an entire country. And not just any country, either: India, with the world’s sixth largest (and fast-growing) economy, and a burgeoning tech sector. It is this burgeoning tech sector that has led to calls from Ravi Shankar Prasad, the country’s telecom, IT and law minister, for a ‘more meaningful’ relationship with Google. According to the Economic Times, Prasad spoke to Google CEO Sundar Pichai directly.
He told the Times: “In a larger push I want Google to be involved in a more meaningful way. The more digital India becomes, there would be challenges. I would appeal to Google to work more to ensure digital security. We have taken a lot of initiatives, but there has to be greater strengthening of the IT walls.
"The digital empowering of India may one day become a case study for the world. Digital delivery of India would be a benchmark for the rest of the developing world and that is how we see it. I would appeal to Google to become a part of the change that India is witnessing."
Perhaps the most surprising thing about an entire country expressing an interest in Google’s business is how unsurprising it is. Google is synonymous with Silicon Valley and the tech revolution for many modern consumers, and acts as the primary gateway to the internet for the overwhelming majority of users.
However, exactly what role Google can play in India’s security is unclear – after all, it’s not first-and-foremost a cyber security company. Prasad, however, makes a strong case for deeper exposure to the country, telling the company:
"The sheer number of people in India who have accepted you means you have an obligation for India as much as (the) US and the world. Google India needs to tailor its products to Indian psyche and ecosystem. Local languages, local products make good business sense for Google too. India would be a 1 trillion dollar digital economy in the next 3-4 years and it makes business sense for Google to have more India-centric products."
Dominion holds Alphabet, the parent company of Google, in its Global Trends Managed Fund.
If you would you like to receive the Newsfeeds daily, please click here to sign up now!Help us make this Newsfeed better by rating this article. 1 star = Poor and 5 stars = Excellent
- Click here to print this story: Print
The views expressed in this article are those of the author at the date of publication and not necessarily those of Dominion Fund Management Limited. The content of this article is not intended as investment advice and will not be updated after publication. Images, video, quotations from literature and any such material which may be subject to copyright is reproduced in whole or in part in this article on the basis of Fair use as applied to news reporting and journalistic comment on events.