37 C
Tuesday, July 14, 2020

Government will bring Policy for Data Centre Parks soon: Sitharaman

- Advertisement -

Indian data centre sector to reach $3.2 bn by FY24: JLLNew Delhi, Feb 1 (ANI): Union Finance Minister Nirmala Sitharaman on Saturday termed ‘data as the new oil’ while asserting that Analytics, Fintech and internet of things (IoT) are changing the way we deal with our lives.

Minister in her address in Parliament said government will bring out a policy to enable private sector in building Data Centre Parks throughout the country.

The government has also allocated Rs 6000 crore to Bharatnet Programme in 2020-21.
She said that 1 lakh gram panchayat will link with Fibre to the Home (FTTH) connections through Bharatnet.

In her speech, she mentioned that Knowledge Translation Clusters will be set up across different technology sectors including new and emerging areas.

She also proposed to provide early life funding, including a seed fund, to support ideation and development of early-stage Start-ups.

Presenting 2020-21 budget the minister announced an outlay of Rs. 8000 crore for the National Mission on Quantum Technologies and Applications over a period of five years.

(Source: ANI)

Follow Us For Latest Updates -

India Updates
India Updates is an independent news & Information website. Follow us for regular updates on News and Information.

Related News


Please enter your comment!
Please enter your name here

Trending Topics

Covid 19 India Updates

Ayodhya priests lash out at Oli’s claims, say Lord Rama belongs to Ayodhya

Ayodhya, July 14 (ANI): After K P Sharma Oli claimed that the birthplace of Lord Rama, is in Nepal and that Lord Rama was...

Trending Right Now

Amit Trivedi does not want to stop experimenting with music

By Arundhuti Banerjee, July 13 (IANS) Bollywood composer Amit Trivedi says he cannot stop experimenting with music. Perhaps, that has become his signature sound....