Moneycontrol Be a Pro
Get App
you are here: HomeNewsIndia
Last Updated : Mar 21, 2018 10:41 AM IST | Source:

NITI Aayog mulling a nationwide policy on artificial intelligence

The policy may chalk out short, medium and long-term implementation goals and could incentivise startups and venture capital funds working to research and adopt the technology.

Moneycontrol News @moneycontrolcom

In a bid to counter China’s move towards usage of Artificial Intelligence (AI), the NITI Aayog will be chalking out a national policy on AI to outline its scope in research and commercial adaptation of the technology, according to a report by The Economic Times.

The report suggests that the policy is expected to lay out short, medium and long-term goals which will have to be achieved by 2022, 2026 and 2030, starting from this year.

The new policy may propose deadline for commercial adaptation of the technology in the fields of agriculture, health, education, banking, retail transportation, the report says.


The policy may also incentivise startups and venture capital funds that take up AI research and adaptation.

The Aayog has already undertaken half a dozen pilots on AI in agriculture, health, and education.

A senior government official told the newspaper that the government was considering setting up another high-level committee which would be responsible for the implementation and monitoring of AI in the country.

The committee may be responsible for removing any roadblocks the policy may face in its implementation.

Earlier, Moneycontrol had reported that the government was planning to clear shipping consignments at domestic shores without any human intervention by using AI.

The customs department, under the finance ministry, is working on a strategy to use artificial intelligence and blockchain technology to track country’s inbound and outbound shipments.

The policy is still in its nascent stage as the government officials are working on the finer details of exactly in which area the advanced technology can be applied and the amount that should be spent on it.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Mar 21, 2018 10:41 am
Follow us on
Available On
PCI DSS Compliant