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

NEW DELHi: The NITI Aayog has drawn up a plan for creating an institutional framework for artificial intelligence (AI) in the country. It has circulated a cabinet note to provide Rs 7,500 crore in funding for creation of cloud computing platform called AIRAWAT and research institutes. A senior government official told ET that the Aayog has already circulated the note for consideration by the Expenditure Finance Committee, which is expected to take it up soon.

The note proposes that the new government pump in Rs 7,500 crore initially over a three-year period and set up a high-level taskforce to oversee roll-out and implementation of AI, the official said on condition of anonymity. “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 AI,” said the official.