The Government of Gujarat’s Department of Science and Technology has partnered with IBM to establish an AI cluster in GIFT City, focusing on fostering innovation and collaboration among financial institutions. Through this Memorandum of Understanding (MoU), GIFT City financial institutions will have access to AI Sandbox, proof of concept assistance, AI literacy programs, and digital assistant solutions. Gujarat Chief Minister Bhupendrabhai Patel highlighted that this collaboration with IBM will position Gujarat as a leader in AI adoption and digital transformation. IBM will provide software technologies and platforms in a cloud environment, allowing financial institutions to customize and optimize large AI models. Additionally, IBM plans to develop a digital assistant-based solution to facilitate the integration of custom AI models for these financial institutions.
Sandip Patel, CEO of IBM India and South Asia, emphasized the importance of using AI for businesses to enhance productivity, innovation, and customer experience. This partnership aims to make cutting-edge AI solutions more accessible to the growing number of financial institutions in GIFT City. IBM will also work on creating an AI curriculum for schools and colleges across Gujarat in line with their goal of training 30 million individuals by 2030 and 2 million students in AI by 2026. The MoU includes literacy programs, certifications, and skills enhancement initiatives for professionals in the state to prepare them for the AI-driven future economy.
Mona Khandhar, Principal Secretary of the Department of Science and Technology, expressed that the detailed MoUs are focused on accelerating AI adoption in SMEs and bringing futuristic technology closer to the people. The collaboration between the government of Gujarat and IBM signifies a strategic effort to advance digital transformation in the state. This partnership reflects a commitment to providing the latest AI solutions to financial institutions in GIFT City and enhancing the skills of professionals in Gujarat for the evolving economy.
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