Creating files from templates now easier in Google Drive

Since 2015, we’ve been making it easier to focus on your content—not your formatting—with templates in Google Docs, Sheets, Slides, and Forms. We’ve introduced templates for invoices, pitch decks, and cases studies, as well as templates designed by experts and developed specifically for your organization.
Today, we’re making it easier for users to create files from templates by granting access to templates directly from Google Drive. Instead of navigating to the Docs, Sheets, Slides, or Forms home pages, you can simply go to Drive > New > Google Docs/Sheets/Slides/Forms > From a template. From there, you’ll be directed to the applicable template gallery, where you can select the template of your choice.

Google Drive Templates Submenu

For more details on templates, visit the Help Center.
Launch Details
Release track:
Launching to Rapid release, with Scheduled release coming in three weeks
Editions:
Available to all G Suite editions
Rollout pace:
Gradual rollout (potentially longer than 3 days for feature visibility)
Impact:
All end users
Action:
Change management suggested/FYI

Reference by Google.com