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India talks big on AI, but markets are walking away
May 17, 2026
< 1 min read
by Noor Bazmi
for CryptoPolitan
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AI Overview
India inaugurated Ahmedabad’s Million Minds Tech City in Gujarat on Sunday, with Union Home Minister Amit Shah saying the site currently covers almost 65 acres and will expand as part of a two-decade effort to boost tech jobs. While the project could support blockchain, crypto and DeFi startups and facilitate fundraising and token launches, reports that global investors are continuing to exit suggest near-term headwinds for adoption, CEX/DEX liquidity and startup funding.
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India has opened a tech city in Gujarat aiming to increase jobs in tech over the next two decades, while at the same time, global investors continue to exit. On Sunday, Union Home Minister Amit Shah inaugurated Ahmedabad’s Million Minds Tech City. The site currently covers almost 65 acres but is planned to grow to...
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