India's tech tango: Ambition, opportunities and challenges

India's growing prominence on the global tech stage is attracting industry heavyweights, though not without challenges.

- Leslie D'Monte

The country's IT sector is renowned worldwide not just for its scale but also for its deep expertise in computer science.

During a recent fireside chat with Mukesh Ambani, chairman and managing director of Reliance Industries Ltd (RIL), in Mumbai, Jensen Huang, the founder and chief executive of Nvidia, said: "Very few countries in the world have this natural resource." Huang's excitement reflects his belief that India offers a huge market for Nvidia's chips, that will power the country's artificial intelligence (AI) ambitions—and, of course, enhance the company's shareholder value.

Ambani also shared Huang's optimism, and emphasized India's rise as an innovation hub, fueled by world-class digital infrastructure, second only to the US and China.

"India is fast becoming an innovation hub for the world," Ambani said, emphasizing that partnerships with the likes of Nvidia and Meta would help develop a skilled workforce capable of delivering AI services globally, making the world "a better place."