India, March 20 -- The IndiaAI Mission has reportedly received around 120 applications to build AI foundation models in the second round of bidding, which closed on March 15.

The electronics and IT ministry (MeitY) is looking to provide approvals to at least a few applications by the end of March, ET reported, citing a senior government official.

"We aim to give approval to at least a few proposals by the end of this financial year," the official said.

The IndiaAI Mission, approved in March 2024 with an allocation of INR 10,372 Cr over the course of next five years, aims to create an AI ecosystem, offering supercomputing capabilities comprising over 10,000 GPUs to various stakeholders.

In the first round, the Mission had received 67 p...