- The Indian government approved the ‘IndiaAI Mission’ project with a budget of approximately $12.54 billion USD, aiming to establish AI infrastructure and services in India.
- Components include computing power, innovation centres, dataset platforms, application development plans, skill development initiatives, entrepreneurial financing, and ensuring secure AI capabilities.
- The project seeks to promote AI adoption, support startups, and foster socio-economic transformation, with the Indian AI market projected to reach $17 billion by 2027.
On March 8, the Indian government announced the approval of the national-level ‘IndiaAI Mission‘ project, with the aim of achieving two major objectives: ‘Rooting AI in India’ and ‘Serving AI for India’, with a budget of ₹1037.192 billion (approximately $12.54 billion USD).
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The IndiaAI project would have the following components
According to reports, the project will be implemented by the independent business unit ‘IndiaAI’ under the Digital India Corporation (DIC) and will include the following components:
- IndiaAI Computing Power: Establishing a scalable AI computing infrastructure consisting of over 10,000 GPUs to meet the needs of India’s rapidly growing AI startup companies and research ecosystems, with construction through public-private partnerships. Additionally, it will include an AI marketplace to provide AI-as-a-service and pre-trained models for AI innovators, making it a one-stop solution for accessing critical AI innovation resources.
- IndiaAI Innovation Centres: Dedicated to developing and deploying large-scale multimodal models (LMM) and domain-specific foundational models in key areas.
- IndiaAI Dataset Platform: Simplifying the process of obtaining high-quality non-personal datasets for AI innovation, developing a unified data platform to provide seamless access to non-personal datasets for Indian startups and researchers.
- IndiaAI Application Development Plan: Targeting problem statements from central ministries, state government departments, and other institutions to promote AI applications in key sectors, with a focus on developing/expanding/promoting impactful AI solutions with the potential to catalyse large-scale socio-economic transformation.
- IndiaAI Future Skills: Aimed at reducing barriers to entry into the AI industry and increasing AI courses in undergraduate, master’s, and doctoral programs. Additionally, data and AI labs will be established in India’s tier-2 and tier-3 cities to teach foundational courses.
- IndiaAI Entrepreneurial Financing: This concept aims to support and accelerate deep-tech AI startups, providing simplified financing channels to enable them to realise future AI projects.
- Secure Trustworthy AI Capabilities: Recognising the necessity of providing appropriate safeguards for responsibly developing, deploying, and adopting AI, secure and trustworthy AI pillars will support the implementation of responsible AI projects, including the development of local tools and frameworks, providing self-assessment checklists for innovators, and other guidelines and governance frameworks.
The Indian AI market is expected to reach $17 billion by 2027
According to IT industry body Nasscom, the Indian AI market is expected to reach $17 billion by 2027, with a compound annual growth rate of 25% to 35% from 2024 to 2027.
