India and UAE joining hands together to explore further opportunities in artificial intelligence and planning to welfare both countries especially in the healthcare, education, infrastructure, transportation, climate control and oil and gas sectors.
A new memorandum of understanding signed by Omar bin Sultan Al Olama, UAE Minister of State for Artificial Intelligence, and Deepak Bagla, managing director and CEO of Invest India. The new partnership will seek the options for both countries to grow their AI economies.
Siddharth Bhandari, CEO of NewBridge Fintech Solution said:
“With a growing talent hub in India and also a strong rise in adoption rate across industries for the use of AI, the treaty will benefit the UAE and India in a number of sectors. From the context of India-UAE strategic priorities, healthcare, education, infrastructure and transportation will be the biggest beneficiaries from the adoption of AI and machine learning,”
India can benefit from many things happening in UAE in terms of cutting-edge growth in innovation and it can be applied to the Indian community. India is a country with a large population and UAE can benefit as it wants for innovation around AI from the education and practical use of AI in India.
Deepak Bagla, managing director and CEO of Invest India said:
“India, the world’s fastest-expanding market opportunity, with its talent pool of human capital, well acknowledged for innovation, and the UAE, a hub of cutting-edge technologies, are natural partners in the field of AI. Artificial intelligence is going to play a critical role in our lives and this partnership will provide solutions not only for the citizens of India and the UAE but for the entire world,”