The budget speech introduces several initiatives that indirectly support the Artificial Intelligence (AI) sector, though it does not outline a dedicated AI policy. Here’s a breakdown of the key provisions:
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ToggleKey AI-Related Initiatives
- Centre of Excellence in AI for Education: A ₹500 crore allocation will fund a Centre of Excellence in AI for education, aimed at advancing AI-driven learning tools and innovation in the sector.
- Deep Tech Fund of Funds: The government plans to explore a Deep Tech Fund of Funds to support next-generation startups, including those working on AI and related technologies.
- National Centers of Excellence for Skilling: Five centers will be established with global partnerships to provide industry-relevant skills, potentially including AI-related training.
- Research, Development, and Innovation: A ₹20,000 crore fund is allocated for private sector-driven R&D initiatives, which may include AI-based projects.
- National Geospatial Mission: The launch of this mission will enhance geospatial data infrastructure for applications such as urban planning and land records, areas where AI is widely used.
- Support for Industry 4.0: Investments in the domestic electronic equipment industry will help develop high-skilled talent essential for Industry 4.0, where AI plays a crucial role.
AI in the Broader Technology Landscape
While these initiatives create a favorable environment for AI growth, the budget does not introduce specific financial incentives or direct policy measures for the AI sector beyond the AI for education initiative. Instead, the focus is on technological innovation, skill development, and digital infrastructure, which collectively contribute to AI adoption.
By prioritizing digital transformation and research funding, the government is laying the foundation for AI integration across industries, though a dedicated AI strategy remains absent from the budget speech.