For extending the significance of Artificial Intelligence (AI) and related technologies to the common people, the Centre is soon going to set up national centre for AI, said Union Finance Minister Piyush Goyal while presenting Interim Budget 2019.
“India has become the second largest startup hub of the world. We are proud of the hard work and innovative ideas of our youth in this sector. A national programme on AI has been envisaged by the government. This should be catalysed by the national centre for artificial intelligence as a hub, along with other centres of excellence”, Goyal said.
For consummating the initiative, the Central Government has zeroed down nine priority areas. He further added that compliance procedures and regulatory bottlenecks pertaining to the startups are also being currently looked into.
He added that the traditional methods are no longer responsible for creating jobs and start-ups are not the future of the country.
“Youth power has been harnessed through self-employment schemes including MUDRA, Startup India and Stand-up India. With job seekers becoming job creators, India has become the world’s second largest startup hub. The government is proud of the hard work and innovative ideas of our youth,” he added.