India is expecting investments of more than USD 200 billion over the next two years, Union Minister for Electronics and IT Ashwini Vaishnaw said on Tuesday, highlighting strong global interest in the country’s artificial intelligence and deep-tech ecosystem.
Speaking on the sidelines of the India AI Impact Summit at Bharat Mandapam in New Delhi, Vaishnaw told ANI that global interest in India is visible across multiple areas.
“There are two types of interest. The first is investment. There is an expectation of more than 200 billion dollars in investment over the next two years. The second is deep-tech funding by venture capital. And the third is India’s innovativeness and its digital public infrastructure,” he said.
Elaborating on the role of technology frameworks in driving adoption, the minister said India’s digital public infrastructure has created a strong foundation for the rapid diffusion of artificial intelligence.
“Because of the digital public infrastructure, there is a very good technology framework under the leadership of the Prime Minister. Because of this framework, the diffusion of AI in India can be accelerated. This is what everyone believes,” he added.
Vaishnaw said global CEOs are showing keen interest in investing in India, particularly in deep-tech startups and infrastructure.
“There is a lot of interest in investing in India, especially in Indian deep-tech startups, infrastructure, and in finding new solutions at population scale. The digital public infrastructure created in our country provides a major advantage for solutions that need to be deployed at scale,” he said.
Commenting on the scale and enthusiasm at the summit, the minister pointed to strong participation, especially among young people.
“There is a lot of excitement at the AI Summit. More than 300,000 youth, researchers, and students have registered, and all sessions are full. There is visible enthusiasm, particularly among the youth. Through this summit, there is new energy across the country on how AI can be used to solve large problems at population scale,” he said.
Vaishnaw also stressed the need to balance innovation with safeguards, noting that while technology can address major economic and social challenges, its potential harms must be controlled.
“By balancing these two aspects, we have to move forward with this new technology,” he said.
The India AI Impact Summit has brought together policymakers, global industry leaders, investors, and innovators, with discussions focused on leveraging artificial intelligence for large-scale economic and social transformation while addressing associated risks.
The Prime Minister is scheduled to deliver the inaugural address on Thursday, outlining India’s vision for inclusive, trusted, and development-oriented artificial intelligence. (ANI)
