As they mature, finding new growth drivers will become a hot-button issue for Internet powerhouses Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Facebook (NASDAQ: FB). So it should be no surprise that the two companies are also leaders in the growing international efforts to expand Internet access to the roughly 56% of the world's population currently lacking it.

While Facebook has made its own efforts in India, news recently surfaced that Alphabet is also mulling expanding its Internet-beaming Project Loon balloons to India, which could be a boon for Alphabet and its investors.

Loon for India?

The Wall Street Journal reports that executives from Alphabet have held meetings with members of the Indian government about bringing Project Loon to the world's second most populous nation. A deal between the parties, however, doesn't appear to be imminent. When asked to comment on the matter, a Google spokesman flatly stated, "We don't have anything to announce at this time."

Still, it's hard not to get excited about the potential. Although India enjoys a prominent IT sector, only about 18% of its approximately 1.2 billion citizens have access to the Web, according to 2014 data from the World Bank. For India, the benefits are obvious, as Internet access has a well-established positive correlation to a host of economic- and social-development metrics. And for Alphabet, the move could help further diversify a company that remains levered to the U.S. and U.K. to drive the bulk of its financial performance.