Government has done its part on GCC, industry must build capabilities to meet AI challenge: CEA

Short summary

India's Chief Economic Adviser stated that the government has fulfilled its role for Global Capability Centres by simplifying transfer pricing safe harbour rules in the Union Budget, and urged industry to build AI capabilities independently. The message emphasizes government-industry collaboration for AI readiness.

• •CEA says Union Budget simplified transfer pricing safe harbour regime for GCCs
• •Government urges industry to build AI capabilities to meet the AI challenge
• •Emphasis on government-industry collaboration for AI readiness in India

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