Applied Materials, which has a global market capitalisation of $343 billion, has advocated modernising India’s power grid to help drive the country’s AI dream, underscoring the intricate linkages and dependencies across multiple domains and utilities crucial to acing the technology that's now grabbing 80% of investments globally.
"It becomes very complex as to which utility, which government, in which region actually owns the grid. Due to that complexity, it has fallen behind,” Sundeep Bajikar, vice president, corporate strategy, told ET. “Promoting investment in the grid will accelerate its modernisation. This is a global problem."
