Union Budget 2024: Will AI Be on the Table?
CIOTechOutlook Team | Monday, 22 July 2024, 09:55 IST

IndiaAI Mission receives a major boost with the allocation of Rs 10,000 crores, signaling a significant advancement in India's AI capabilities. This financial support showcases the government's dedication to promoting technology and encouraging innovation. Nevertheless, experts concur that there is still significant work to be done in order to achieve the ambitious objectives established for the AI industry. India must keep advancing and not become complacent as major countries compete to utilize AI.
Mr. Prashant Kumar, MD & CEO, YES BANK says “As we look forward to the Union Budget 2024, enhancing our technology infrastructure and fostering innovation remains crucial. The government's groundwork with initiatives like the JAM Trinity and investments in digital infrastructure is commendable. Building on this, further support for technologies such as AI, blockchain, and IoT will be vital for driving digital transformation and improving efficiency"
Mr. Vinod Sood, MD, Hughes Systique Corporation says "Notably, the government has reiterated its commitment to launching the Rs 10,000 crore IndiaAI Mission within the next two to three months, laying a solid foundation for future technological advancements"
CIO Viewpoint
Empowering Women: Shaping the Future of Industry
By CIOTechOutlook Team
Scaling AI: Finding the right Biztech...
By Sujatha Gopal, CTO - Communications, Media & Information Services (CMI), Tata Consultancy services
Gen AI: Transforming Cloud Solutions for...
By Matt Yanchyshyn, VP - AWS Marketplace & Partner Services, AWS
CXO Insights
What's your Innovation Strategy?
By Prashant Lalchandani, Practice Lead - BFS Transformation, Capgemini FS SBU
Migrating to the Cloud - Why you Should...
By Pankaj Sabnis, Principal Architect - Cloud Computing, Infogain
e-Health: The Changing Face of Healthcare