June 25 2023: Major commitments for India investment were made by leading US tech players during Prime Minister Modi’s visit last week:
While Amazon has committed to spend an additional $ 15 billion in India over the next seven years, which will take the company's total India investment across all businesses to $26 billion, Google has said it is investing $10 billion in India's digitisation fundand will open its global fintech operation centre in Gujarat.
Amazon CEO Andy Jassy Twitter: Productive meeting with Prime Minister@NarendraModi. Discussed Amazon’s commitment to invest $26B in India by 2030; working together we will support startups, create jobs, enable exports, and empower individuals and small businesses to compete globally.
"Amazon has pledged to digitise 10 million small businesses, enable $20 billion in exports, and create 2 million jobs in India by 2025. Currently, Amazon India is on track to deliver on them, having already digitised over 6.2 million small businesses, enabled over $7 billion in exports, and created over 1.3 million direct and indirect jobs," a company statement said.
Google CEO Sundar Puchai said that he shared with the Prime Minister that Google is investing $10 billion in India's digitisation fund. "We are announcing the opening of our global fintech operation centre in GIFT City, Gujarat,", according to ANI.
Meanwhile, Microsoft while it did not commit numbers, month launched Jugalbandi, a new generative AI-driven chatbot on mobile devices for government assistance, in India. It can understand questions in multiple languages, whether spoken or typed. It retrieves information on relevant programs - usually written in English - and relays it back in local language. The Jugalbandi AI assistant is powered by language models from AI4Bharat, a government-backed initiative, and reasoning models from Microsoft Azure OpenAI Service.
"We saw this Jugalbandi as a kind of ‘chatbot plus plus’ because it’s like a personalized agent,” said Abhigyan Raman, a project officer at AI4Bharat, an open-source language AI center based at the Indian Institute of Technology Madras in Chennai that is a collaborator on the chatbot.
“It understands your exact problem in your language and then tries to deliver the right information reliably and cheaply, even if that exists in some other language in a database somewhere.”