Industry Welcomes Govt’s Focus on AI & Manufacturing : Budget 2019

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Tech companies believe that the focus on leveraging digital technologies will boost rural manufacturing and create jobs.

Finance Minister Piyush Goyal on Friday announced that the government will soon launch a National Artificial Intelligence Portal. Hailing the Interim Budget, tech companies on Friday said the focus on leveraging digital technologies will boost rural manufacturing and create jobs.

Industry reacts positively
Vartul Jain, VP – Finance, GreyOrange commented that the announcements to set up a national centre for Artificial Intelligence and development of an AI portal through identification of nine priority areas in the segment will be critical to promote the adoption of these emerging technologies in the country and to position India as a front runner in this  space across the globe.   

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“It’s great to see the government sending out a clear signal by launching National Artificial Intelligence Portal. Artificial Intelligence (AI) is here to stay and will play a significant role in the future of the country. What’s more heartening is the fact that the government is willing to invest in AI in major sectors – education, healthcare, transportation, infra and agricultural in the country”, said Tarun Bhalla, CEO & Founder, Avishkaar.

Bhalla further commented that with over 200 AI start-ups currently innovating AI-based solutions in the country, they’ll help serve the society and help make a marked difference in the education, healthcare, transportation, infra and agricultural sectors of India.

Reacting to the budget Dr. Subho Ray, President, IAMAI said that the announcement of National Artificial Intelligence portal is expected to propel India on the path of leveraging advanced and disruptive technologies for growth and economic prosperity and growth.

Anil Chaudhry, Zone President and Managing Director, Schneider Electric India said that the government’s decision to set up National Centre on Artificial Intelligence will allow sectors across the economy to draw benefits from this new age technology, boost manufacturing, trim production losses and usher in efficiency.

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