India, Feb. 18 -- India needs to embrace new technology and can save up to Rs 20,000 crore by using AI for cargo handling at ports, said Member of Economic Advisory Council to PM Gourav Vallabh on Tuesday.

Speaking at the session 'AI-Powered Ports: Reimagining Efficiency and Operations' at the AI Impact Summit here, Vallabh said India is emerging as a global leader in the field of new technology.

"There is an approximate saving by uses of AI of Rs 20,000 crore in our handling. And every year we can save Rs 15,000 crore as far as the logistic cost is concerned," he said. The question is not whether AI will transform India's ports, Vallabh said, adding "the question is whether we are going to lead it or not."

He noted that India's logist...