India is strategically positioning itself to attract over $200 billion in artificial intelligence infrastructure investment by 2028, aiming to establish the country as a key player in AI computing and applications. The plan, unveiled by India’s IT minister Ashwini Vaishnaw at the Indian government-backed AI Impact Summit, includes the addition of 20,000 GPUs to ramp up shared AI compute capabilities.
The investment drive is designed to leverage India’s scale, cost advantages, and policy incentives to entice global AI investment, building on the $70 billion already committed by major tech companies like Amazon, Google, and Microsoft. With a focus on AI infrastructure, including data centers, chips, and supporting systems, as well as deep-tech and AI applications, India aims to capture a significant portion of the AI value chain.
To attract investment, the Indian government is implementing a mix of tax incentives, state-backed venture capital, and policy support, signaling a proactive approach to shaping the future of AI development within the country. Recent policy decisions, such as tax relief for export-oriented cloud services and a government-backed venture program targeting high-risk areas like AI and advanced manufacturing, underscore India’s commitment to fostering a conducive environment for AI innovation and investment.
Source: TechCrunch