As Finance Minister Nirmala Sitharaman announced the Global Centre for Global Capacity (GCCS), a Centre of Excellence in Education, said that the focus of new and emerging technologies is on union budgets and said that the in-depth Tech Foundation ‘Fund Foundation’ ‘Will explore to catalyze the next generation of startups.
A new fund fund with a new contribution of expanded scope and an additional Rs 10 billion.
The national framework will serve as a guide to the promotion of global capacity centers in emerging cities to states. This will propose measures to improve the availability of talent and infrastructure, build mechanisms for Byelaw reform, and work with the industry.
Sitharaman said: “I have announced three centres of AI Excellence Centres in Agriculture, Healthy and Sustainable Cities in 2023. Now, an AI Excellence Centre will be established for totalling Rs 5 billion,” said Sitharaman.
Startups also have a reason to cheer on, as the new “fund fund” has expanded scope and will establish an additional 10 billion rupees in new contributions.
“The Alternative Investment Fund (AIF) for Startups received commitments of over Rs 9.1 crore. These were supported by the foundation established by a government donation of Rs 1,000 crore. “Another new Rs 1,000 crore will be established. She said: “Another new Rs 1,000 crore will be established. Donate. ”
Gopal Jain, GAJA Capital Management Partner, said new funding funds were introduced for AIFS, and the center of excellence for AI education was all about “promising steps” to promote a knowledge-driven economy.
To increase access to capital, startups ranging from Rs 10 crore to Rs 20 crore will increase credit guarantee premiums and provide guarantee premiums for key loans in 27 key sectors of Atmanirbhar Bharat.
Investorai Co-founder CEO Bruce Keith believes that while waiting for details, it is necessary to view announcements about deep technology through the “DeepSeek” lens, which can be used to agile when relatively little capital is provided and creative funds to complete. team.
“We hope the venture capital ecosystem will provide speed and momentum for these businesses,” Keith said.
It is necessary to mention here that the landscape of the GCC of India has been improving over the past five years, with the total number of such centers rising to more than 1,700 of the more than 2,975 centres in FY2975.
Partner and head of GCC industry Jaspreet Singh, Grant Thornton Bharat, said the budget focused on expanding talent availability and infrastructure in Level 2 cities, which is important to strengthen India’s global capacity center ecosystem. step.
“By unlocking opportunities to access a wider talent pool, including professionals who prefer to stay in their hometown, the program will enhance workforce stability and retention. Improved infrastructure will further enable seamless operations, making Level 2 cities a high value globally Work brings attractive destinations Singh said.
As GCC develops into a strategic hub for innovation and technology, the expansion will drive inclusive growth, reduce regional disparities and position India as a global leader in India’s digital and commercial services sector, noting that a well-distributed GCC network Long-term term flexibility, scalability and global competitiveness will be ensured.
“The establishment of a deep technology fund will empower India’s deep technology entrepreneurs and facilitate India’s global competitiveness in the AI competition. As access to capital is an ongoing challenge, policy measures will increase the credit guarantee coverage of startups with Rs. . Vice President Prabhu Ram said Cybermedia Research said: “Rs 10 crore. ”
“India currently has the smallest talent demand and the smallest supply gap, and a skilled talent surplus is expected to be achieved by 2030. The expansion and establishment of the AI Centre of Excellence (COES) of IIT will strengthen India’s talent pool in emerging technologies, especially AI talents, in particular AI talents. The KuPM Research Fellowship Program will also offer 10,000 scholarships in prestigious institutions such as IIT, NITS and IISC over the next five years.”
