Niti Aayog proposes Rs 7,500-crore plan for Artificial Intelligence development

Niti Aayog proposes Rs 7,500-crore plan for Artificial Intelligence development 1

The NITI Aayog has now drawn up a plan for creating an institutional framework for the AI in the country. It has also circulated a cabinet note to provide with INR 7500 crore in the funding for the creation of the cloud computing platform called the AIRAWAT and research institutes. A senior government official told in a report that the Aayog has also circulated the note for the consideration by the Expenditure Finance Committee, which is also expected to take it up soon.

The note also proposes that the new government pump in the INR 7500 crore initially over the 3-year old period and set up a high-level task force to oversee the roll out and implementation of AI, the officials said.

“A cabinet note is ready… We would present it to the new government as we want an institutional framework as well as a transparent policy in place for Artificial Intelligence,” said the official.

“Selection of institutes and partners will be done based on guidelines that are being developed while the funding for all of this will be staggered based on the milestones achieved,” said the official.

The entire AI mission will be monitored by a force task, to be headed by a member of NITI Aayog with the representation from all states and ministries experts as its key members, according to the proposal.

“To give a push to adoption of AI, it is pertinent to have an AI check in all new projects to identify specific areas where AI can be used,” Kant said in a letter dated May 7.

China has also committed to building a domestic AI industry worth nearly around $150 Billion in the coming few years with an aim to become the leading AAI power by the end of 2030.

Report

Written by Udit Agarwal

Startup/Tech News Correspondent, Responsible for gathering information on the tech companies working on IOT, AI, ML, Cloud, Mobile Technologies,

Udit can be reached at [email protected]

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