IndiaAI Mission: Large IT, AI firms may not get govt nod to make LLMs

Meity says these firms can obtain GPUs on their own
Aashish Aryan New Delhi
Listen to This Article
The government is unlikely to consider the applications submitted by large information technology service providers and well-funded artificial intelligence (AI) companies to build indigenous large language models (LLMs), sources told Business Standard.
The Ministry of Electronics and Information Technology which is the nodal ministry overseeing the ₹10,372 crore IndiaAI Mission, believes that larger IT service providers or even AI companies can obtain the requisite graphics processing units (GPUs) or access funds on their own.
'Taxpayers' money cannot be given to these companies which can access the market and buy GPUs at a competitive price from any vendor. They are welcome

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Time of India

2 hours ago

• Time of India

Gujarat Electronics Component Manufacturing Policy aims to reduce import dependency

Ahmedabad: Incentives for projects approved by MeitY , quick disbursal of assistance and reducing import dependency by attracting over ₹35,000 crore in new investments are among the prominent features of the Gujarat Electronics Component Manufacturing Policy-2025. The policy, which aims to transform Gujarat into a global hub for electronics manufacturing , was unveiled by Chief Minister Bhupendra Patel on Sunday. The policy states that projects approved and supported by the Union Ministry of Electronics and Information Technology (MeitY) will be eligible for 100 per cent Central assistance when established in Gujarat. Projects approved by the MeitY will receive incentives from both the Centre and the state government through a single approval and incentive assistance will disbursed within 30 days, a government release stated. "This means MeitY-approved projects set up in the state will receive dual incentive benefits from the Central and Gujarat governments," it said. Aligned with the Union government's Electronics Component Manufacturing Scheme (ECMS), the policy ensures "a 100 per cent top-up on Central support while guaranteeing timely disbursement of assistance. "Once a project is approved under the ECMS from MeitY, it will automatically become eligible for the same grant-in-aid in Gujarat. The state government will disburse its incentive within 30 days of the Centre releasing the assistance," the release said. The policy aims to reduce dependence on imports and improve technological resilience by attracting over ₹35,000 crore in new investments. It aims to create substantial high-skilled employment opportunities within the state's electronics component manufacturing sector. The policy hopes to boost investment in key segments, such as multi-layer and HDI printed circuit boards, lithium-ion cells, SMD passive components, display and camera modules, electronic parts, and the additional machinery for their production. "The policy's core focus is to bridge the talent gap, promote innovation, and offer support for research and development initiatives, with the recognised Gujarat-based institutions being eligible for assistance of up to ₹12.5 crore to establish centres of excellence, finishing schools, or applied research laboratories," the release stated. The policy aims to establish Gujarat as a prominent player in global electronics supply chains by promoting the manufacturing of local electronic components and sub-assembly production, reducing import dependency, and boosting exports, which will drive product value growth in global electronics value chains (GVCs). The Government of India (GoI) guidelines mandate the submission of applications to avail of the benefits of this policy by July 31, 2025. All MeitY-approved projects operating in Gujarat will automatically become eligible for availing of the policy benefits along with developing or proposed projects for incentives. The government said only the units other than those receiving assistance under Gujarat Electronics Policy 2022-28 will be eligible for benefits under this policy, and those availing benefits under this policy will not qualify under the Gujarat Electronics Policy.

Business Standard

14 hours ago

• Business Standard

We want to be a people-first organisation: Goldman Sachs CIO Marco Argenti

Engineers need to think about the problem first and not the solution, says Argenti premium Avik Das Bengaluru Listen to This Article Goldman Sachs, the storied American investment bank, is embracing generative AI (artificial intelligence) across its global operations, including its 9,000-strong workforce in India. In this exclusive interview with Business Standard, Chief Information Officer Marco Argenti discusses with Avik Das his strategic priorities, the evolving role of engineers, and why being people-first matters. Joining him, Gunjan Samtani, co-chairman and India head, talks of the future of the firm's engineering hubs in Bengaluru and Hyderabad. Edited excerpts… What are the three most important strategic priorities for you in the technology world?

Time of India

15 hours ago

• Time of India

Gujarat rolls out electronics policy to xraw investment of Rs 35,000 crore

Gujarat's GECMS-2025 aims to attract industries and boost electronic component manufacturing, targeting ₹35,000 crore in new investments and high-skilled job creation. The policy offers 100% central assistance for MeitY-approved projects established in Gujarat, ensuring dual incentive benefits. It focuses on key segments like printed circuit boards and lithium-ion cells, while also supporting R&D and talent development with assistance for institutions. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads In a bid to attract attract industries and boost production of electronic components in the state, Gujarat rolled out he Gujarat Electronics Component Manufacturing Policy-2025 ( GECMS-2025 ).The police targets to garner over ₹35,000 crore in New Investments and high-skilled employment generation in Gujarat's electronics component manufacturing to the state government, under this new policy, projects approved and supported by the MeitY, Government of India, will be eligible for 100% central assistance when established in Gujarat. Hence, MeitY-approved projects set up in the state will receive dual incentive benefits, one from the Central government and another from the state with the Central Government's Electronics Component Manufacturing Scheme (ECMS), Gujarat's GECMS-2025 ensures a 100% top-up on central support and guarantees timely disbursement of once a project receives approval under the ECMS from MeitY, it will automatically become eligible for the same grant-in-aid in Gujarat. The state government will disburse its incentive within 30 days of the Central government releasing its policy will boost investment in key segments such as multi-layer and HDI printed circuit boards, lithium-ion cells, SMD passive components, display and camera modules, electronic parts, and the additional required machinery essential for their production. A core focus of the policy is to bridge the talent gap, promote innovation and offer support for Research and development initiatives. Recognised institutions based in Gujarat will be eligible for assistance of up to ₹12.5 crore from the state government to establish centres of excellence, finishing schools, or applied research laboratories.