Finance Minister Nirmala Sitharaman in the Union Budget 2023 speech has announced the establishment of three centers of excellence for artificial intelligence (AI) in leading educational institutions of the country. The move has been widely welcomed by the industry and academia alike, with many hailing it as a step forward in strengthening the relationship between the two.
Kapil Bardeja, CEO and Co-Founder, Vehant Technologies, has expressed his support for the initiative. According to Bardeja, this will lead to path-breaking research in the field of AI and will bring the industry and academia together to work on new technologies. The collaboration will provide opportunities for students to learn from industry experts, and for companies to tap into the pool of upcoming talent from the institutions.
“Setting up of three centres of excellence for artificial intelligence in top educational institutions of India is a very positive step in boosting the relationship between industry and academia,” Bardeja said.
This initiative is expected to increase the technology quotient of the country in AI, and create new opportunities for both industry and academia. The centers of excellence will provide a platform for researchers and industry experts to work together on cutting-edge projects, and to push the boundaries of what is possible in AI.
The establishment of these centers of excellence is also expected to have a positive impact on the economy of the country. With the increasing demand for AI in various industries, it is likely that the centers of excellence will produce a large number of skilled professionals who will be in high demand. This, in turn, will create new job opportunities, stimulate innovation, and drive economic growth.
“As an industry participant, we believe that this will lead to path breaking research in Artificial Intelligence. Industry will be able to work on new technologies together with the upcoming talent from institutions and boost the technology quotient of the country in AI,” said Bardeja.