India earmarks $1.25B to boost growth of AI

Through the IndiaAI Mission, India aims to democratize access to computing power and support nationwide AI development.

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India’s supreme decision-making body, the Union Cabinet, has approved the “IndiaAI Mission” with an initial budget of 10,300 crore rupees ($1.24 billion). The drive aims to support artificial intelligence (AI) startups and innovations over the next five years. 

Through the IndiaAI Mission, the country aims to provide nationwide easy access to computing power — a crucial component for AI development and deployment — for innovators, startups, students and educational institutions. Union Minister Piyush Goyal announced the development on March 7 at a cabinet briefing. The supporting announcement read:

The IndiaAI Mission consists of seven components, of which four are dedicated to building and democratizing compute capacity and indigenous large multimodal models (LMMs), streamlining access to quality non-personal data sets and developing AI applications.

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