The heads of India’s top technology companies have lauded the strong push on digitisation in the Union Budget<\/a> 2023.
“The Union Budget<\/a> 2023 by the Honourable Finance Minister further builds on the government’s focus on enhancing India's digital infrastructure and enabling growth pathways for the Indian economy. The provisions for research in artificial intelligence and 5G implementation, and the Government's vision of Make AI in India and Make AI work for India are commendable. Overall, it's a forward-looking budget that will fortify the digital spine of the country,” said Rajesh Gopinathan, MD & CEO, Tata Consultancy Services<\/a>.
The heads of India’s top technology companies have lauded the strong push on digitisation in the Union Budget<\/a> 2023.
“The Union Budget<\/a> 2023 by the Honourable Finance Minister further builds on the government’s focus on enhancing India's digital infrastructure and enabling growth pathways for the Indian economy. The provisions for research in artificial intelligence and 5G implementation, and the Government's vision of Make AI in India and Make AI work for India are commendable. Overall, it's a forward-looking budget that will fortify the digital spine of the country,” said Rajesh Gopinathan, MD & CEO, Tata Consultancy Services<\/a>.
The Finance Minister has proposed the setting up of three Centres of Excellence in Artificial Intelligence to focus on agriculture, healthcare and sustainable cities. The industry said that there was scope to expand this further, given the potential across other industries too.
“While Agriculture, Healthcare & Sustainable Cities are the current focus of CoE’s, India has multidimensional potential – AI can add an estimated $450-500 billion to India’s GDP by 2025, and more than 60% will be from four key sectors – Financial Services, Consumer Packaged Goods & Retail, Healthcare, and Industrials & Automotive. India will need to continue to invest in these centers to keep pace with the evolving asks across all sectors,” said Rekha M Menon, Chairperson and Senior Managing Director at Accenture in India.
The industry has also welcomed the focus on skilling through technology.
The Skill India Digital Platform<\/a> will expand the digital ecosystem for skilling by enabling demand based formal skilling, linked with employers and facilitating access to entrepreneurship schemes.
CP Gurnani, Managing Director & Chief Executive Director, Tech Mahindra<\/a> Said,“The push towards comprehensive skilling of youth, Industry 4.0, Coding<\/a>, Internet<\/a> of Things (IoT), and the establishment of a dedicated AI Center of Excellence<\/a>, is a visionary move that will lead to job creation and give a competitive edge to India’s talented workforce. Further, the special emphasis on energy transition will enable India to lead by example on the sustainability front towards a net zero emissions economy.”
The technology companies have also welcomed the opportunity to be a part of initiatives aimed at furthering the Digital India<\/a> story.
“To fully realize the benefits of this technological revolution, it is important to continue to advance the story of Digital India<\/a> with a focus on accessibility. To that end, we are committed to support the government’s agenda in transitioning from physical content to digital libraries pan-India to build a robust digital education ecosystem and encourage creation of digital content,” said Prativa Mohapatra, Vice President and Managing Director, Adobe India<\/a>.
“The plans announced today will further help establish India as a global technological hub. We are excited to put our best foot forward to contribute with our bit to the overall development on the nation.”
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