Rs 65 crore spent on India AI Impact Summit: Govt in Parliament

Prasada said the summit served as a platform for dialogue, partnerships and investment announcements across the artificial intelligence ecosystem. During the event, companies and stakeholders announced investment commitments exceeding USD 250 billion across the AI value chain, including infrastructure, foundation models, hardware and applications.

He added that large Indian companies collectively announced plans to invest over USD 100 billion in AI infrastructure and digital ecosystems, along with partnerships aimed at expanding AI-ready data centres. Among the key outcomes of the summit was the India AI Impact Summit Declaration, which was endorsed by 92 countries and international organisations.

The minister also clarified that the summit was not designed as a mechanism to estimate GDP growth or employment generation, but rather as a platform to strengthen collaboration and investments in the AI sector.

Prasada further said the India AI Mission under the Ministry of Electronics and Information Technology would take forward the discussions from the summit.