The edtech sector on Wednesday welcomed the budget announcements on digital initiatives with a focus on artificial intelligence in the education sector, calling it a step towards a “digital revolution”.
Three Centers of Excellence for Artificial Intelligence in top educational institutions, 100 labs to develop applications using 5G services in engineering institutions, and a National Digital Library for Children and Adolescents to provide access to quality books across geographies, languages and genres Provides facility. Announcements for the education sector in the budget of 2023-24.
Arul Malviya, founder of Zamat, said that the Union Budget 2023-24 reflects the keen interest of the government in bringing digital revolution in the education sector and promoting the use of artificial intelligence in it.
“We are glad that the government’s new budget is in line with India’s ed-tech sector. The announcement to set up a National Digital Library for Children and Adolescents is sure to give a boost to the Ed-Tech sector.
“It will create a digital ecosystem in the education sector, encourage digital learning and largely benefit the students who are lagging behind due to the pandemic,” he said.
Malviya said the budget also highlights the importance of artificial intelligence in the education sector by announcing the setting up of three Centers of Excellence for Artificial Intelligence to enable ‘Make AI for India’ and ‘Make AI work for India’ .
He said that this move is going to encourage ed-tech companies and start-ups in a big way.
Amod Dani, Co-founder and COO India, Keybridge Global Education, said the budget highlighted the need to invest in the country’s human capital to achieve the ambitious target of becoming a $5 trillion economy.
Through our approach for EdTech 2.0, we aim to play a key role in developing a credible workforce that accelerates India’s economic engine. We are glad to see the alignment in our objective of bridging education and employability with an emphasis on developing industry-relevant courses.
“The synergy between our EdTech 2.0 vision and Budget 2023 seeks to nurture a culture of lifelong learning and grow India’s workforce for the long term. We applaud the Budget 2023 as a positive platform for the advancement of India’s remarkable human capital,” he said.
Siya Seth, Founder and CMD, Scudos, said that the announcements made in the budget will give a boost to the digital economy, which is a big positive step for the edtech sector.
“Launch of National Digital Library and Establishment of District Institutes Education And the training will take the Indian start-up culture to the next level.
“We have less than two decades to cash in on India’s demographic dividend, which will peak in 2041. This can only be achieved by increasing enrollment and improving outcomes, as well as massive can provide online upskilling opportunities.”
Prateek Maheshwari, co-founder of Physicswala, said that the announcement of the National Digital Library is a testimony to the government’s commitment to modernize and propel the economy.
“With artificial intelligence becoming increasingly integrated into our lives, the Skills Enhancement Initiative recognizes its importance as an essential tool for future growth and success,” he said.
According to Kiran Dham, CEO of Globus Infocomm Ltd, the budget focuses on alleviating the major challenges prevalent in the education sector and includes recruitment and training of teachers, improving digital infrastructure, encouraging an online mode of learning offline as well as online and most importantly proposes significantly. Working towards bridging the digital divide in the country.
“Opening the door to deliver excellence, AI-enabled technologies will be the way forward. An effective and engaging platform supporting online and offline learning will transform the education system in India.”
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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)