PM Modi-led Cabinet approves over Rs 10,000 crore to boost India’s AI ecosystem

New Delhi, March 7 (SocialNews.XYZ) In a big push to the vision of 'Making AI in India' and 'Making AI Work for India', the Union Cabinet led by Prime Minister Narendra Modi on Thursday approved the comprehensive national-level IndiaAI Mission with a budget outlay of Rs 10,371.92 crore.

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 Mission will be implemented by 'IndiaAI' Independent Business Division (IBD) under Digital India Corporation (DIC).

The approved IndiaAI Mission will propel innovation and build domestic capacities to ensure the tech sovereignty of the country, an official said.

It will also create highly skilled employment opportunities to harness the demographic dividend of the country.

Source: IANS

Facebook Comments

About Gopi

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.

He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.

When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.

He can be reached at gopi@socialnews.xyz

Share

This website uses cookies.