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

Updated: Mar 8th, 2024

In a push to ‘Making AI in India’ and ‘Making AI Work for India’, the union cabinet led by prime minister Narendra Modi on Mar 7 approved the comprehensive national-level IndiaAI Mission with a budget outlay of ₹10,371.92 crore. 

The IndiaAI Mission will establish an 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.

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