NEW DELHI: Google among other international companies are investing in India despite being stuck in the middle of the coronavirus crisis.
India emerges as the most favorable investment destination even during a pandemic with Google is putting in $10 billion to profit from the country’s digital growth.
And Google is not alone Facebook announced a $5.7 billion tie-up with an Indian mobile leader while Amazon is investing $5 billion to expand its India operations.
Walmart bought India’s biggest homegrown e-commerce firm, Flipkart, for $16 billion in 2018.
Other companies putting money into India include Qualcomm ($97 million), Thomson ($142.8 million), We Work Global ($100 million), Hitachi ($15.9 million), Kia Motors ($54 million) and Saudi Arabia’s PIF ($1.6 billion).
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