Union Budget 2023: Centre bets big on Artificial Intelligence, IoT

Budget 2023: Nirmala Sitharaman added that the National Data Governance Policy will enable anonymised data and the KYC process will be simplified by adopting a risk-based system

In Budget 2023, the Centre proposed a series of measures like Centres of Excellence for Artificial Intelligence to unleash the potential of our economy and realise the vision of "Make AI in India and Make AI Work for India". 

Three such centres will be set up in top educational institutions. Leading industry players will partner in conducting interdisciplinary research, develop cutting-edge applications and scalable problem solutions in the areas of agriculture, health, and sustainable cities, Finance Minister Nirmala Sitharama said during her Budget Speech.

Sitharaman added that the National Data Governance Policy will enable anonymised data and the KYC process