"The plans were outlined on Tuesday by India's IT minister Ashwini Vaishnaw (pictured above) at the Indian government-backed five-day AI Impact Summit in New Delhi, attended by senior executives from OpenAI, Google, Anthropic, and other global technology firms. To attract investment, the government is rolling out a mix of tax incentives, state-backed venture capital, and policy support aimed at pulling more of the global AI value chain into the South Asian nation."
"While the bulk of the projected $200 billion is expected to flow into AI infrastructure - including data centers, chips, and supporting systems, and encompassing the around $70 billion already pledged by Big Tech companies - Vaishnaw said the Indian government also anticipates an additional $17 billion of investment into deep-tech and AI applications, highlighting a push to move beyond infrastructure and capture more of the value chain."
India has launched an aggressive effort to attract more than $200 billion in artificial-intelligence infrastructure investment over the next two years to become a global hub for AI computing and applications. The government aims to combine scale, cost advantages, and policy incentives to draw more of the global AI value chain to the country. U.S. technology companies have already committed about $70 billion to expand AI and cloud infrastructure in India. Most projected investment targets data centers, chips, and supporting systems, while an additional $17 billion is expected for deep-tech and AI applications. Policy measures include long-term tax relief for export-oriented cloud services, a ₹100 billion government-backed venture program for high-risk areas, and extended startup qualification for deep-tech companies.
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