Schedule a Call Back
India can do with AI what China did to manufacturing; Ola CEO Bhavish Aggarwal
Industry News- Jul 15,24
According to the latest IDC report, spending on AI and generative AI (GenAI) in India is projected to reach $6 billion by 2027, growing at a compound annual growth rate (CAGR) of 33.7%.
Ola Founder and CEO Bhavish Aggarwal says that India, with its exceptional talent pool, has the potential to become a global leader in artificial intelligence (AI), similar to China's dominance in manufacturing.
In a post on social media platform X, Aggarwal emphasised that this transformation won't happen "automatically unless we make it happen."
India boasts the largest number of developers globally, the highest number of silicon designers, the most extensive amount of data, and the largest IT services industry in the world, noted the CEO of Ola Electric.
Aggarwal highlighted India's strategic move towards AI leadership, pointing out that the India AI Mission has been approved with an outlay of Rs 103.72 billion. Of this, Rs 20 billion is allocated to support the Indian startup ecosystem in developing indigenous AI-based solutions.
According to the latest IDC report, spending on AI and generative AI (GenAI) in India is projected to reach $6 billion by 2027, growing at a compound annual growth rate (CAGR) of 33.7%.
(Source: IANS & Free Press)
Related Stories
Electrical & Electronics
Servotech bags 4.1 MW on-grid rooftop solar order from East Coast Railway
Under the scope of this contract, Servotech will undertake the design, manufacturing, supply, installation, testing, and commissioning of rooftop on-grid Solar Photovoltaic (PV) plants of varying ca..
Read moreElectrical & Electronics
Jindal and AB Energia setup Odisha's largest captive industrial solar plant
This ground-breaking initiative boasts a cumulative capacity of over 30 MWp, making it the largest captive solar energy plant within a single industrial campus in Odisha.
Read morePumps & Valves
Crompton receives solar water pump order from MEDA
This development comes at a time when India’s submersible water pump market is witnessing rapid growth, driven by increasing demand across agriculture, rural water supply, urban infrastructure, an..
Read moreRelated Products
Dna of All Information
INDUSTRIAL AUTOMATION & TECHNOLOGY CONSULTANCY
Roto Leaner Technology Pvt Ltd manufactures a complete range of display solutions.
Standard Series Stations and Enclosures
INDUSTRIAL AUTOMATION & TECHNOLOGY CONSULTANCY
Esbee
Industrial Combines/Esbee Electrotech LLP offers standard series stations and
enclosures.
Fire Alarm
INDUSTRIAL AUTOMATION & TECHNOLOGY CONSULTANCY
Safe Zone is prominent traders and suppliers of the industry, offering a wide range of wireless fire alarm.
Read morelatest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
