With Rs 1L-cr Kitty, FM Says AI to Innovation – The Economic Times – Mumbai

“This is a great initiative,” said Infosys cofounder Kris Gopalakrishnan, who has been vocal about the need to triple India’s spending on research and development (R&D) to 3% of its GDP from 0.7% now. “Industry should take advantage of this. We need to see the process for availing these,” he added. The centre is expected to identify the qualifying sectors through a “stakeholder process”. (SAP Labs)