When artificial intelligence (AI) became mainstream with the launch of ChatGPT in late 2022, the headlines were filled with fears of machines taking over human jobs. A few years later, the narrative has shifted. AI is no longer a futuristic concept — it is embedded in how we work, shop, build and even govern. With the global AI market now standing at a valuation of $346 Bn, India is pushing the paddle hard on building the infrastructure needed to develop and scale homegrown AI. Recent policy moves by the Central Government stand witness to this. Investments in semiconductors, chip manufacturing, quantum computing and secure data centres are laying the groundwork for long-term AI growth. The policy focus, too, has evolved — from simply encouraging AI adoption to building domestic capabilities. To support this ambition, the government has announced incentives such as a tax holiday until 2047 for companies building data-centre infrastructure in India to serve global markets. At the same time, global technology players are expanding their footprint in the country through partnerships with Indian conglomerates. Groups such as Reliance Industries, Tata Group and Larsen & Toubro have tied up with companies like OpenAI and NVIDIA to boost India’s compute… Read MoreInc42 Media
