India has approved an allocation of over Rs 10,300 crore for the IndiaAI Mission marking a significant step towards bolstering India’s AI ecosystem.
The overarching aim of this financial outlay is to ensure a structured implementation of the IndiaAI Mission through a public-private partnership model aimed at nurturing India’s AI innovation ecosystem.
The mission will also provide a framework for developing graphic processing units (GPUs) under public-private partnerships as well as multi-model, domain-specific large language models that power generative AI platforms.
“A multi-faceted comprehensive framework has been created to bolster an AI-based solutions ecosystem in India,” Union Minister of Commerce Piyush Goyal said at a briefing following the cabinet approval.
“The Mission listed seven key objectives—building compute capacity…; innovation centres to build LLMs that will cater to singular industries; a datasets platform to offer non-personal data for all interested parties; an ‘application development initiative’ that will create a marketplace for AI services that will be commercially marketed; a ‘FutureSkills’ initiative that will create AI courses in undergraduate, postgraduate and research divisions; a startup funding initiative that will “support and accelerate deep-tech AI startups and provide them streamlined access to funding to enable futuristic AI projects,” Goyal said.
