Google to flag off Make in India with latest Pixels in 2024
₹30,000—had expanded from being the eighth largest in the world to the third largest in a year. He said local sourcing of components would also rise as more Pixel devices are made locally and that Google planned to help the ecosystem bring this up further. Telecom and IT minister Ashwini Vaishnaw welcomed Google’s announcement.
“The Tensor chip is being designed in India. We have asked Google to manufacture Tensor chips in an Indian fab within three years. We have also asked them that the premium Pixel Fold phones should also be made in India.
Further, provide their support to deepen the component ecosystem supply chain in India," he told reporters. He added that Google’s other initiative of giving microcredit of amounts up to ₹15,000 through GPay would augur well for micro, small and medium-scale enterprises (MSMEs), as well as consumers who want to take loans of small amounts, but the current banking system is unable to service them due to high transaction costs. GPay’s credit facility will be able to reduce banks’ costs of finding out the creditworthiness of such borrowers and help them and other financial institutions to provide loans to a larger group of customers.
“Digital credit is a very powerful tool. This will ease access to working capital for a lot of MSMEs, and soon you will see banks competing against one another to give out these kinds of loans. The way we’re talking about digital payments today, by October 2025, we will be talking about digital credit in the same way," he added.
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