Microsoft is eager to collaborate with the Indian government and other stakeholders to accelerate the adoption of Artificial Intelligence (AI) in the country. Sundar Srinivasan, vice-president of AI & search at Microsoft India Development Centre, emphasized this during a panel discussion at the Mint India@2047 Summit. He highlighted India’s unique cultural and linguistic diversity as an asset for AI, believing it can bridge gaps and democratize access to technology. Srinivasan sees India as a potential hub for developing AI solutions with global impact.
Ankush Wadhera, managing director and partner for technology at BCG India, brought up the crucial issue of intellectual property and the necessity to build core technologies. He identified three key areas concerning semiconductors and technology in India: the country’s dependence on global chip imports, the changing global supply chain landscape, and the opportunity for electronics manufacturing within India. Wadhera noted that India imports over 99% of its chip requirements, with over 40% coming from China. This dependence needs to change, and he highlighted the importance of the India Semiconductor Mission launched in December 2022. This initiative aims to financially support companies investing in semiconductor and display manufacturing, signifying a significant step towards domestic production.
Amit Kapur, joint managing partner at JSA Advocates & Solicitors, discussed the parallels between infrastructure law and the technology landscape. He acknowledged progress but stressed the need for a more comprehensive ecosystem. Kapur raised concerns regarding privacy, national security, and terrorism, emphasizing the need for robust engagement and a balanced approach to innovation.
The panel discussion highlighted the growing interest of global investors in India’s semiconductor sector. Wadhera shared that leading chipmakers from the US and Japan are now actively developing India strategies, recognizing the potential within the country. Anamika Bhargava, head of marketing strategy and policy at L&T Semiconductor Technologies Ltd, echoed this sentiment. She pointed out that the government-to-government dialogue is crucial for facilitating technology transfer. Bhargava highlighted the need to address the talent gap, acknowledging the lack of skilled professionals who have worked on real semiconductor fabrication facilities. She emphasized that investors are exploring India’s potential, but talent development remains a critical factor in attracting and retaining investments.
Overall, the discussion painted a picture of optimism and cautious planning for India’s journey towards becoming a leader in AI and semiconductors. While challenges remain, the panel emphasized the importance of government support, talent development, and a robust ecosystem for achieving these ambitions.
