“Make AI in India and Make AI work for India,” says Patil
The three Centres of Excellence for Artificial Intelligence will surely boost the importance of AI in the healthcare sector, says Ajit Patil, Co-Founder and Managing Director of DeepTek in comments on Budget 2023 presented in parliament on 1 Feb 2023.
He appreciated and welcome the decision to establish three Centre of Excellence (COE) in top educational institutions with a vision of “Make AI in India and Make AI work for India”.
He also sees the opening doors of ICMR labs for research by public and private medical college faculties and private sector R&D teams.
Further the decision will encourage the pharma industry to invest in research and development in specific priority sectors as well as promote Diagnosis and eradication of Sickle Cell Anaemia by 2047.
The increase in focus on AI in Healthcare will result in more startups in the AI space, according to Patil.
Setting up of the Agriculture Accelerator Fund will encourage Agri Start-ups by young entrepreneurs in rural areas. This initiative aims to bring competitiveness in terms of technology used in agriculture and reduce dependence on imported machinery in Indian farms, he said in Startups reaction to the Budget on 9 Feb 2023.
Pooja Nagdev, Founder, Inatur, said, “The onus of e-commerce and rapid transactions through e-wallets specifically helps industries like beauty and cosmetics.
“The government seems to have this game in control. The further growth of the micro and small-scale sector that generates both income and employment will help in the economy as well.”
“Regional connectivity will see a boost with the plans to renew 50 additional airports, helipads, water aero drones and advanced landing grounds,” believes Ankur Maheshwary, Founder, Mastiii Zone.
“Benefits like easy compliance and an extended period to carry forward losses will definitely help founders to work more with ease and focus on long-term growth,” noted Shruti Kaushik, Author, Startup Evangelist and Entrepreneur.
“This step will also encourage startups to take additional and needed steps like branding, financial management, and growth strategy into full effect.
Green movement and green growth has seen a boost, Innovation and AI readiness is seeing big traction which is really good and Investment towards energy transition, net-zero objectives is really a positive sign of growth, according to Raghav Belavadi, Founder & CEO, Hype Luxury. fiinews.com
