The FM Nirmala Sitaraman announced a new center of excellence in artificial intelligence for education with a total outlay of ₹ 500 crore. In 2023, FM made a similar announcement with three centers of excellence in AI for agriculture, healthcare, and sustainability.
This push by the government to merge AI with several other sectors comes when the whole world is bracing to face the effects of AI and its consequences. To upskill the workforce and the students, this center of excellence in Artificial intelligence will integrate AI-driven educational tools with engaging and effective content.
Stocks that could benefit
Several companies in the Indian stock market could benefit from this push by the government.
NIIT– Is a multinational education-oriented organization focused on information and computer technology and its headquarters is in Gurgaon, India. It is primarily known for its IT training.
TCS – A leading IT services company, TCS offers AI solutions that can enhance platforms and institutions.
MPS – Technology-driven content solution company that provides digital services, and technology platforms primarily for the publishing, education, and corporate sectors.
This move underlines the government’s commitment to integrate AI across various sectors and also aligns with the ₹10,300 Crore IndiaAI Mission program, which is envisioned to erect a cutting-edge, scalable AI computing infrastructure by deploying over 10,000 Graphics Processing Units (GPUs) through strategic public-private collaborations.
Written By Abhishek Das
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