Google.org + India = Master Plan

February 20, 2008 By: admin Category: Improve search engine placement

Remember when we told you about Googles plans to pledge profits and stock to its philanthropic arm Google.org? Remember when we told you that Eric Schmidt saw huge opportunity in India? Remember when Google told us that Google.org was really a screen so that it could find talented workers in growing countries?

Google.org + India = Master Plan

OK, we dont remember that part either, but that seems to be part of Googles master plan for Google.org.

As both Reuters and AP report, Google is teaming-up with George Soros to pump $17 million into a venture that will fund small and medium (SME) businesses in India.

The Soros Economic Development Fund, the Omidyar Network and Google.org said the venture would make investments of between $500,000 and $3.5 million in small and medium businesses in India that lacked access to formal funding options.

Long ignored by commercial capital markets, small and medium businesses are an attractive investment opportunity as well as an engine for economic growth, Neal DeLaurentis, vice president of Soros Economic Development Fund, was cited as saying.

While you thought Google.org would focus only on health, energy and environment, its busy tapping into the talented, under-paid workers of developing countries.

Woohooohaha!

P.S. We dont really think this is evil in any way, but we needed to make this kind of dull news sound interesting.