AI Job Growth: Vaishnaw on IT Industry Transformation

New Delhi, May 11 (PTI) There are many parts of the IT industry that need to be transformed, and the demand for AI-related jobs is growing in the country by 15-20 per cent, Union Electronics and IT minister Ashwini Vaishnaw said on Monday.

While speaking at the CII Annual Business Summit, the minister appealed to industry players to partner with the IT industry body Nasscom to prepare talents in the country to ride on the new wave of technology.

"I am constantly in touch with our IT industry. They feel that the AI job growth will be kind of, it's almost like it's growing almost 15-20 per cent. Yes, many other parts of the IT industry will have to be transformed now, but the AI-related job growth is happening," Vaishnaw said.

The minister said that with the government waiving off taxes on data centres till 2047, there is a huge surge in investments in the segment.


"We are seeing investments coming in, close to about USD 200 billion worth of investment is coming in the data centre economy," Vaishnaw said.

He said that the country is building three large subsea cable networks in addition to the existing ones.

"One is from Vizag to Australia and then on to the US. The second is across the southern coast of India, the peninsula, going to the Middle East, then going to Europe and then to the east coast of the US. The third one will be taken to Cape of Good Hope and then go to the US. These three large subsea cable networks and some more are under planning now, will give us a big base of digital infra, which will be an important part of our growth journey in the coming years," Vaishnaw said.

The minister said HP has started manufacturing AI servers in India, and now he has requested Google and some other players to start production of servers locally.