New Delhi, February 18 India has gained significant momentum in creating opportunities for AI through proactive policies, and the country's businesses can benefit from the new "mega wave" of technology, Zscaler, Inc. CEO, Chairman, and Founder Jay Chaudhry said on Wednesday.
Speaking at the AI Impact Summit here, Chaudhry said that India has been able to attract investments, citing examples of how many multinational companies are setting up their global capability centers in the country.
"In terms of opportunity for AI in India, it's great to see the momentum that's happening," he said.
Chaudhry praised the leadership of Prime Minister Narendra Modi for taking steps like the AI Impact Summit, as the country looks to be a global leader.
He said that policies like the new labor laws are "attractive" and will be helpful for many Indians who are abroad looking to return to the country to start businesses.
"India has a large market (in) itself, and they can go beyond and offer a lot of products and services outside India," he added.
Chaudhry said that every decade or two, there's a "mega wave" of new technology "where the changes are significant," and it opens up a lot of other opportunities for new companies, which can even compete "with large companies doing the same thing they're doing."
"You want to use disruptive technology," he noted.
"Now, AI is probably the biggest mega wave that's going to change, and it's already changing the way we do business and how we do business," Chaudhry said.
