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Home/Latest News/Investing in India’s AI Future: Govt Allocates Impressive ₹10 Cr for IndiaAI Mission
Latest News

Investing in India’s AI Future: Govt Allocates Impressive ₹10 Cr for IndiaAI Mission

By adminitfy
March 6, 2025 2 Min Read

India is on the cusp of a major revolution in Artificial Intelligence, with a world-class infrastructure and robust ecosystem for start-ups and innovators. The IndiaAI Mission, launched in 2024, has allocated a whopping 10,300 crore rupees over five years to strengthen AI capabilities, underscoring the government’s commitment to leveraging cutting-edge technology for economic growth, governance, and societal progress.

The mission has already borne fruit, with the establishment of Centres of Excellence in Healthcare, Agriculture, and Sustainable Cities in New Delhi. Additionally, the government has announced the setup of a new Centre of Excellence for AI in education, with an outlay of 500 crore rupees. These initiatives are designed to facilitate the development of the country’s own foundational models, including Large Language Models and problem-specific AI solutions tailored to Indian needs.

One such example is BharatGen, the world’s first government-funded multimodal LLM initiative, which was launched last year in Delhi. This project aims to enhance public service delivery and citizen engagement through foundational models in language, speech, and computer vision. The India Skills Report 2024 by Wheebox forecasts that India’s AI industry will reach 28.8 billion US dollars by 2025, with a compound annual growth rate of 45 percent.

India has made significant progress in AI talent development, with a massive growth in the AI-skilled workforce from 2016 to 2023, making it one of the top five fastest-growing AI talent hubs, alongside Singapore, Finland, Ireland, and Canada. The country is also pushing to develop its own GPU within the next three to five years, reducing reliance on imported technology.

To accelerate AI development, the government has launched the IndiaAI Dataset Platform to provide seamless access to high-quality datasets, while also announcing a high-end common computing facility equipped with 18,693 Graphics Processing Units (GPUs), making it one of the most extensive AI compute infrastructures globally. The government has selected 10 companies to supply the GPUs, ensuring a robust and diversified supply chain.

In conclusion, India is laying the groundwork for a strong AI-driven future, and these initiatives will undoubtedly help the country achieve its vision of Viksit Bharat by 2047. With a strong focus on data, talent, and infrastructure, India is poised to become a leader in the AI landscape, driving economic growth, governance, and societal progress. As the country’s AI industry continues to grow at a rapid pace, it will be interesting to see how India leverages its unique strengths to stay ahead of the curve and create a more inclusive and sustainable future.

Original Source: https://www.newsonair.gov.in/govt-allocates-over-10-cr-rupees-for-indiaai-mission/
Category : National
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Publish Date: 2025-03-06 18:36:00

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