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India AI MISSION Well-positioned to Pave the Way for a Transformative Future

Indian Economy & Market

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April 2024

The government has allocated Rs 10,300 crore for the IndiaAl Mission over the next five years. By nurturing an environment conducive to innovation, promoting knowledge sharing, and empowering stakeholders, the IndiaAl Mission is well-positioned to pave the way for a transformative future where AI acts as a catalyst for progress and prosperity for everyone.

- Shivanand Pandit

India AI MISSION Well-positioned to Pave the Way for a Transformative Future

The Modi government has unveiled a significant boost to India's artificial intelligence (AI) landscape with an allocation exceeding Rs 10,300 crore for the IndiaAl Mission over the next five years. This initiative aims to fast-track various key projects such as the IndiaAl Compute Capacity, IndiaAl Innovation Centre (IAIC), IndiaAl Datasets Platform, IndiaAl Application Development Initiative, IndiaAl FutureSkills, IndiaAl Startup Financing, and Safe & Trusted Al. The investment underscores the government's commitment to fostering India's AI innovation ecosystem through a collaborative public-private partnership model.

The initiation of this mission comes after significant advancements made by countries such as the US and China in this field over the past two decades. It arrives at a crucial juncture when various individuals and organizations are striving to develop India-specific large and small language models. While the allocated funds may seem modest considering India's stature and the necessary infrastructure for supporting AI endeavours and start-ups, what's noteworthy is the acknowledgement of the challenge and the potential it holds. The funds will be utilized to enhance access to computing resources, enhance data quality, and foster indigenous AI capabilities. Furthermore, the mission aims to attract top AI talent, offer start-up capital, and promote responsible and inclusive growth within the nation's AI ecosystem.

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