Qualcomm To Invest Up To $150 Mln In India

He also mentioned that Microsoft will announce the availability of the cloud services for the Indian data centres.


India under the prime minister’s leadership is moving in the right direction with “Digital India”, Jacobs said, announcing an immediate investment of $1.5 million for innovation labs in the country.

“There are so many countries which do not know where to invest their money”. “India is coming online at an unprecedented pace”. Prime Minister’s vision of Digital India is exciting, he said.

“India is at the cusp of a technology revolution and mobile technologies will lay the foundation for Digital India”, said Dr Paul E Jacobs, Executive Chairman, Qualcomm Incorporated.

Qualcomm Inc is to invest up to $150 million (Rs980 crore) in Indian startups across all stages as part of its commitment to India.

In his remarks, Nadella said Microsoft’s plan is to partner with the Indian Government to bring in low-priced broadband connectivity to 500,000 villages in India. “We want to help people make things and make things happen”.

Last November, the company began experimenting with the unused spectrum between TV channels, known as “white space”, to provide internet services to a a school in the Srikakulam district in the state of Andhra Pradesh.

“It puts governance within everyone’s reach”, Modi said while pitching his pet Digital India initiative with the titans of the IT world here. “We’re excited about the new prospects in India and look forward to growing our portfolio”. I see technology as a means to empower and as a tool that bridges the distance between hope and opportunity. “We are attacking poverty with network and smartphones”. Let us seize the opportunity, he added.UNI KNR VV ADB1306.

“I used Chinese social media to wish the PM there”.

Briefing reporters later, foreign ministry spokesman Vikas Swarup said Modi had invited Apple to set up a manufacturing base in India. “In this context the Prime Minister said there was a need to de-link terrorism from religion and that the only way to combat worldwide terrorism and the menace of organisations like ISIS was to have a global response”, Ministry of External Affairs (MEA) spokesperson Vikas Swarup told a press briefing here.

“We are committed to the long term”.


There was also some discussion on how Apple Pay could be a part of India’s financial inclusion Jan Dhan Yojana and other such initiatives, he added. However, it was his trip to India that helped create the company we know today.

Qualcomm To Invest Up To $150 Mln In India - Quick Facts