The goal of the AI Mission is to establish adequate capacity of AI compute power in India. (Photo: Reuters/Representative)
Under the ‘India AI Mission’, private companies looking to set up AI computing capacity in the country will be subsidised through a fund. Seed funding will also be provided for AI start-ups
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved the artificial intelligence (AI) Mission with an outlay of Rs 10,371.92 crore for five years. Under the ‘India AI Mission’, private companies looking to set up AI computing capacity in the country will be subsidised through a fund. Seed funding will also be provided for AI start-ups.
Total allocation towards the AI Mission could be around Rs 10,371.92 crore.
Last year, Prime Minister Narendra Modi had announced the AI Mission. He said the goal of this mission is to establish adequate capacity of AI compute power in India. This will provide better facilities to the country’s start-ups and innovators. Under this mission, AI applications will be promoted in sectors like agriculture, healthcare, and education.
Under the AI Mission, the government will focus on four key areas covering AI research, funding start-ups working on designing bespoke chips for AI use cases, offering viability gap funding (VGF) for private companies looking to set up data centres in India for AI use cases, and also creating computing capacity within the government.
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