Cabinet Approves IndiaAI Mission with Rs. 10,372 Crore Budget

The Indian Cabinet, led by Prime Minister Shri Narendra Modi, has greenlit the ambitious IndiaAI mission, allocating a substantial budget of Rs. 10,371.92 crore. This initiative aligns with the vision of bolstering AI innovation within India and leveraging AI for the nation’s advancement. The mission aims to establish a robust AI ecosystem through a strategic public-private partnership approach.

Establishment of India AI Innovation Centre (IAIC)

• IAIC will serve as a premier academic institution, facilitating efficient implementation and retention of top research talent.
• Focus on developing and deploying foundational AI models, particularly emphasizing indigenous Large Multimodal Models (LMMs) and domain-specific models.
• Leveraging edge and distributed computing to optimize efficiency.

Enhancing AI Startup Financing Mechanism

• Provision of funds to fortify the India AI Startup Financing mechanism, easing access to funding for budding AI startups.
• Catalyzing the journey of startups from product development to commercialization.

National Data Management Office Setup

• Coordination with government departments and ministries to enhance data quality and availability for AI development and deployment.
• Aims to streamline data management processes to support AI initiatives effectively.

Scaling AI Computing Infrastructure

• Proposal includes setting up best-in-class AI computing infrastructure at five locations.
• Targeting 3,000 AI Petaflops computing power, significantly surpassing current capacities.
• Inference Farm (2,500 AI PF) and Edge Compute (500 AI PF) systems to be established.