NEW DELHI, Mac 8 (NNN-PTI) – The Indian government, yesterday, approved a 1.25-billion U.S. dollar investment, in artificial intelligence (AI) projects, officials said.
“In furtherance to the vision of Making AI in India and Making AI Work for India, the cabinet, chaired by Prime Minister, Narendra Modi, approved the comprehensive national-level IndiaAI mission, with a budget outlay of 1.25 billion U.S. dollars,” the government said in a statement.
According to the government, the IndiaAI mission will establish a comprehensive ecosystem, catalysing AI innovation through strategic programmes and partnerships across the public and private sectors.
“By democratising computing access, improving data quality, developing indigenous AI capabilities, attracting top AI talent, enabling industry collaboration, providing startup risk capital, ensuring socially impactful AI projects and bolstering ethical AI, it will drive responsible, inclusive growth of India’s AI ecosystem,” the government said.
The mission will be implemented by the IndiaAI Independent Business Division, under Digital India Corporation.
“The approved IndiaAI Mission will propel innovation and build domestic capacities, to ensure the tech sovereignty of India. It will also create highly skilled employment opportunities, to harness the demographic dividend of the country,” the government said.– NNN-PTI
