India AI Summit draws USD 240 bn pledges from Reliance, Adani, Google, Tata

Reliance Industries, Adani, Google, Lightspeed Ventures and Tata are among the top investors that cumulatively committed USD 240 billion in India during the India AI Impact Summit 2026, according to an official statement released on Monday.

Government data showed that the India AI Impact Summit 2026, held from Feb 16-21, was the biggest AI event held till date. The summit recorded approximately 6 lakh in-person attendees, with delegations from more than 100 countries and participation from 20 international organisations.

Over USD 200 billion in AI-related investments are expected across infrastructure, foundation models, hardware and applications.

The India AI Impact Summit Declaration was endorsed by 92 countries and international organisations. The New Delhi Frontier AI Impact Commitments were announced by 13 leading global and Indian frontier model developers to promote trustworthy and inclusive AI deployment.

According to the statement, Reliance Industries pledged USD 110 billion over seven years towards AI-focused infrastructure, while Adani Enterprises announced plans to invest USD 100 billion by 2035.

General Catalyst announced a USD 5 billion investment commitment over five years, and Lightspeed Venture Partners announced USD 10 billion in investments.

Google CEO Sundar Pichai announced investments including new India-US subsea cable routes and a USD 15 billion AI hub in Visakhapatnam.

Tata Group announced a partnership with OpenAI to scale AI-ready data centres.

A key announcement at the summit was the expansion of India’s sovereign compute capacity.

In addition to the over 38,000 GPUs already provisioned under the IndiaAI Mission, an additional 20,000 GPUs will be added in the coming weeks, further strengthening national AI infrastructure, the statement said.

The statement added that the AI Impact Expo emerged as one of the largest AI exhibitions globally, with over 850 exhibitors across 10 thematic pavilions.

(With inputs from Reuters)