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New Delhi: Having marked a 20-year milestone in <keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword>, global tech giant <keyword id="19902762" type="General" weightage="100" keywordseo="Google" source="keywords" meta.keywordsubtype="org" meta.entityname="Google" meta.hostid="261" meta.entityid="Google">Google</keyword> is upbeat about its next innings here with Artificial Intelligence (<keyword id="19899640" type="General" weightage="20" keywordseo="AI" source="keywords">AI</keyword>) playing a big role in it, India MD <keyword id="23412065" type="General" weightage="20" keywordseo="Roma-Datta-Chobey" source="keywords">Roma Datta Chobey</keyword> said on Thursday, adding that the company is aligning its vision and strategy fully to the country's growth and ambitions. In an interview to PTI, Chobey said Google believes that AI should be regulated but in a way that strikes a fine balance between user benefit -- which is "still at a nascent stage" -- and at the same time, fosters innovation. India is a very important market for Google, she said, underlining the company's deep commitment in areas spanning AI, payments, <keyword id="20055897" type="General" weightage="20" keywordseo="Google-Pixel" source="keywords">Google Pixel</keyword> manufacturing and skilling amongst others. To a question on the concerns flagged by some Indian startups on alleged anti-competitive practices, Chobey said Google has been "deeply and closely" partnering and working with the startup ecosystem in the country, and that millions of apps are hosted on <keyword id="22336128" type="General" weightage="20" keywordseo="Google-Playstore" source="keywords">Google Playstore</keyword>. "As Google, we've been deeply partnering with the startup ecosystem, and on Google Play, we host millions of apps...we also invest in training Android developers... "So I think we've been deeply and closely working with the startup ecosystem in India, and we remain committed and will continue to do so through India digitisation fund... We have startup accelerators, we have dedicated AI startup accelerators where startups are able to access our advanced technology, work closely with us, and that work is only increasing," she said. Google has completed 20-year milestone in India, and is looking forward to the next 20 years in which "AI is going to play a big role here", she observed. "When it comes to AI, we are focused on three pillars. The first one is how are we leveraging AI to help every individual in the country. The best way we, as Google, can do it is by using AI to democratise information as well as opportunity. "When we talk about skilling, etc, that talks to the opportunity bit. Secondly, we want to really play a significant role in developing the already-thriving AI ecosystem in India, by investing in infrastructure, by scaling the AI engine. And of course, we will do all of this very, very responsibly, sustainably and inclusively," she said. The third pillar in Google AI strategy is around building for the future, she said. "...to create a really thriving workforce that is primed to be successful in the AI-powered world. That space is evolving and evolving fast, and we want to keep pace with it. I also want to add here that we as part of Google India team feel so proud that there's so much work that's happening in India which is not just solving for India, it's solving (things) globally," Chobey said. Google on Thursday lined up a slew of AI-powered innovations, announced Indian language capabilities for Gemini Live, and unveiled new updates for Google Lens, Google Maps, as well as Google Pay at the tenth edition of 'Google for India' event in New Delhi. The Google top boss asserted that India is and will remain an important market for the company. "From Google's perspective, India has always been a very important market for us. We've always very uniquely solved for India, worked locally with partners, we spoke of 'India digitization fund'... We started Pixel (phone) manufacturing here... I spoke about GPay... So that continues. India for Google is a very important market, both from a user perspective, but also from the kind of research development that is happening," she said. Google, she said, is aligning its goals to India's growth and vision. "Today, we have over 10,000 Googlers, working out of India for India and other markets as well. And we have presence across 5 cities, so multiple offices here, that's really, really important... When it comes to India, I always say this - what is good for India, is good for Google... "So we are very finely integrating our objectives, our vision, to what is really good for India, and will continue to do so," she said, adding that India will remain a very important market for the company. Google is leveraging India to not just solve local challenges, but also global ones, Chobey added. The first Made-in-India Google Pixel 8 devices started rolling off production lines in August in India. "Watch out the space... we will talk about it more. But we're really, really happy and proud about the fact that we have started manufacturing Pixel 8 in India. Of course, we have now also have service centers in India. Google Pixel 9 is available on Flipkart, through Croma tie up...Reliance digital tie ups...and so on so forth. So we are really invested in this space," she said.

Looking ahead at our next 20 years in India, AI will play big role here: Google India MD

New Delhi, Jan 28 () Rising internet penetration, increasing ordering frequency and favourable consumer disposition are some of the factors driving growth in the Indian food-tech industry that is poised to grow at a compound annual growth rate of 25-30 per cent to USD 8 billion by the end of 2022, a report by Google and Boston Consulting Group (BCG) said on Tuesday.
 "Riding on the wave of higher consumption in a growing market and maturing dynamics on the supply side, we expect the industry to grow from USD 4 billion to USD 8 billion in the next three years, a massive 25 per cent growth rate," the report titled 'Demystifying the Online Food Consumer' said.
 It added that funding in the food-tech space has grown by 35 times in the past five years.
 Macro trends such as rising internet penetration, increasing ordering frequency, favourable consumer disposition, expanding reach in smaller tiers and expanding network of restaurants on food-tech platforms pan-India continue to drive momentum in the industry, the report said.
 As a consequence, reach of food-tech aggregators has grown six times from 2017 to 2019. At the same time, consumers are spending more than double the time to explore and order online -- from 32 minutes per month in 2017 to 72 minutes per month in 2019.
 The study cited peer or network advocacy (52 per cent) plays a critical role in drawing people to try online food ordering for the first time. This was followed by advertisements (19 per cent) that emerged to be a strong driver in metros and among the higher income groups across the country.
 "The food tech industry is nascent but one of the fastest growing in the country... Food tech has now made its presence in greater than 500 cities in India and with consumer confidence growing, there are new opportunities for the players to 'win with the consumer' in an evolving market," Google Director (Travel, BFSI, Classifieds, Gaming, Telco and Payments) Roma Datta Chobey said.
 Overall, online spending in India is expected to grow at 25 per cent over the next five years to cross USD 130 billion.
 The report also flagged the impediments that hinder adoption by consumers.
 A fifth of the respondents stated a lack of trust in the app as the main barrier to usage -- they believe that the role and control of the aggregators in the actual food preparation is low.
 Delivery charges (18 per cent), food quality concerns (13 per cent) and lack of customisation (10 per cent) were other reasons customers cited for not having experimented with online food ordering so far.
 Interestingly, while delivery charge was the top reason for not ordering food online in metro cities; in tier-I cities, lack of trust in apps (29 per cent) emerged as the primary roadblock.
 "Food tech start-ups have revolutionised the way Indians eat. There is now a greater demand for healthy, home-cooked meals leading to emergence of new business models like cloud kitchen and meal subscriptions. Ordering food online is now a habit," BCG Senior Partner and Managing Director Abheek Singhi said.
 There is large headroom to increase reach, engagement and usage frequency for food-tech apps, he added. SR HRS

India's food-tech industry to grow at 25 pc CAGR to USD 8 bn by 2022-end: Google-BCG report

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Looking ahead at our next 20 years in India, AI will play big role here: Google India MD

PTI

India's food-tech industry to grow at 25 pc CAGR to USD 8 bn by 2022-end: Google-BCG report

PTI

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