Sameer Nagpal, President and CEO of JK Tech, stated on Tuesday that Prime Minister Narendra Modi‘s concentrated efforts are responsible for India’s quick rise to prominence in the field of artificial intelligence (AI).

“Under PM Modi’s direction, India is making rapid progress in the AI field. In addition to encouraging the development of AI, the government is concentrating on its use in a number of fields, including digital infrastructure, healthcare, and governance, Nagpal said.

He believes that this momentum will soon result in important innovations. He clarified that data is the new oil in the current digital era.

“If companies can ensure they are working with quality data, they will be able to generate better insights and make more informed decisions,” he observed. He told that “right insights come from right data” and that the government’s push for AI will allow businesses of all sizes to expand by utilizing cutting-edge technologies.

India is already a significant player in the global IT business, Nagpal added. With the government-backed introduction of a national-level large language model (LLM), India is also set to leave its mark on the advancement of AI worldwide.

He emphasized, “This will help India take a leadership position in the AI revolution.”

Similar remarks were made by Abhishek Singhania, the founder and director of JK Tech, who told that Indian engineers, both domestically and internationally, are making amazing strides in the field of artificial intelligence.

He praised the PM Modi administration’s decision to set aside Rs 10,000 crore for AI research and development, describing it as a significant step towards creating India’s AI ecosystem..

To transform the alternative investing sector, JK Tech announced on Tuesday that it has joined with Inveniam, a data integrity platform for private market assets.

According to the corporation, “the partnership will concentrate on revolutionizing the global private markets by creating Inveniam’s next-generation platform for alternative investments that utilizes blockchain and artificial intelligence.“