India AI Summit draws $250 bn infrastructure commitments
NEW DELHI: India’s AI Impact Summit has secured investment commitments of over $250 billion in infrastructure and already garnered support from 70 countries for the proposed Delhi Declaration, Union IT Minister Ashwini Vaishnaw said on Friday.
Calling the event a “grand success, “ Vaishnaw said the summit saw participation from over 5 lakh visitors, reflecting strong domestic and global engagement with India’s AI push.
He added that the number of countries signing the Delhi Declaration is expected to cross 80 by the time the summit concludes on Saturday. While the Minister did not provide details of the Summit, slated to be unveiled on Saturday, sources said the US is also on board.
Vaishnaw said the summit saw strong global backing, with 70 countries already signing on to the proposed Delhi Declaration. The number of signatories is expected to cross 80 by the time the event concludes on Saturday, he added.
“There is a huge consensus on the declaration, we just want to maximise the numbers, given the size of the Summit that has happened,” he said.
The minister said full details of the Delhi Declaration would be shared transparently after the summit ends.
He also criticised the opposition, saying whatever little effort was made by the Congress to disrupt the summit was rejected by India’s youth, asserting that the event had overwhelming public support.
The India AI Impact Summit brought together global policymakers, industry leaders and technology experts, positioning India as a key player in shaping international AI governance and infrastructure development.
The investment pledged has crossed $250 billion for infra-related investments and about $20 billion for the VC/deep tech investments, which have been committed by investors, Vaishnaw said noting that the numbers are important, but what is important also is the world has confidence in India’s role in the new AI age.
The last action summit had 60 signatories in the final declaration, the India AI Impact Summit has already surpassed the 70 milestone.
“We have already crossed 70 (nations). There are many ministers who are here, and they are discussing with us. So I think by the time we close the summit tomorrow, we have, as you know, extended it by one more day. We believe that it will cross 80...all the major countries have already signed.
The Minister said that the Summit also saw strong endorsement from participants on India’s policy of working on all the five layers, and the sovereign bouquet of AI models, were lauded by captains of the global tech industry.
On Congress’ protest, the IT Minister said whatever little effort was made by the opposition party in attempting to disrupt the Summit was strongly rejected by India’s youth.
“Thanks to the youth who endorsed the Summit, who took this so positively that whatever little effort that Congress made for trying to disrupt the summit was really...the youth very clearly said that this is their exhibition, this is the summit for
the youth who want to make the best use of it. They don’t believe in the negative politics that Congress was trying to play,” he said.With Agency Inputs
