“We are very closely engaged from our side as far as electronics and IP is concerned. We believe in co-development, co-creation, we believe in IP, respecting IP,” Vaishnaw said. “We believe that India has a lot to offer to the entire world in terms of new products, new ideas, new technologies and that journey is progressing at a very rapid measure, good pace.”
India and the US will significantly increase trade in technology products, including Graphics Processing Units (GPUs) and other goods used in data centers, and expand joint technology cooperation, according to the trade agreement.
Vaishnaw said data centres are going to be a major growth journey in the coming years while sharing his views on the GPU agreement, adding that under the India AI mission, the country has procured over 34,000 GPUs as part of the common compute facility and will add 20,000 more.
“So far we have committed investments of $70 billion, if we add the other announcements, it is about $90 billion. I expect that in the coming months, this number will go beyond $200 billion,” Vaishnaw said. “That is the general expectation which is coming up and … will generate new opportunities for our service providers, for the young startups who can provide new solutions.”
Vaishnaw said the investments in data centres will create strengthen the five layers of the AI architecture and AI stack.
“Many of our startups will be very keen on having more and more compute facilities available in our country through these data centres, so that they can use it for developing solutions and also providing the solutions to the world,” Vaishnaw said.
Earlier on February 7, Commerce Minister Piyush Goyal, addressing a press conference, termed the agreement as “big win” for India as the US agreed to provide ICT products.
“We need ICT products, AI equipment, Nvidia chips, products for data centres,” Goyal said.
