With concentrate on new economic system fashions based mostly on new-age applied sciences like synthetic intelligence (AI) and Internet of Things (IoT), the federal government additionally intends to convey out a coverage to allow non-public sector to construct data centre parks all through the nation, Finance Minister Nirmala Sitharaman stated whereas presenting the Union Budget for 2020-21.
“Our vision is that all public institutions at the gram panchayat level such as anganwadis, health and wellness centres, government schools, PDS outlets, post offices and police stations — all will be provided digital connectivity. The fibre to the home (FTTH) connection through BharatNet will link 100,000 gram panchayats this year itself,” she stated.
It is due to this fact proposed to offer Rs 6,000 crore to BharatNet program in 2020-21, she added.
The finance minister famous that the brand new economic system relies on improvements that disrupt established enterprise fashions.
“AI, IoT, 3D printing, drones, data storage, quantum computing etc are all re-writing world economic order. India has already embraced a new paradigm such as sharing economy with aggregator platforms displacing conventional businesses,” she stated.
Noting that authorities has harnessed new applied sciences to allow direct profit transfers and monetary inclusions on a scale like by no means earlier than, she stated analytics, fintech and IoT are altering life.
“It is now a cliche that data is the new oil…To take advantage of this, I propose to bring out soon a policy to enable private sector to build data centre parks throughout the country,” Sitharaman stated.
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