MeitY to Set Up IoT CoE in Visakhapatnam, in Association with NASSCOM

444

The industries would be encouraged to use robots, chat bots, automation, power plants and data analytics in the fields of automobiles, health, etc

The Ministry of Electronics and Information Technology (MeitY), in collaboration with NASSCOM, will establish an Internet of Things (IoT) centre of excellence (CoE) in the city of Visakhapatnam in Andhra Pradesh.

NASSCOM is in the process of setting up of CoEs for industries in Ahmedabad, Bengaluru and Gurugram, along with Vizag. All these CoEs would encourage the use of artificial intelligence (AI) by the industries, reported The Hindu, citing M.S. Rao, CEO and President National e-Governance Division of MeitY.

Rao further informed that the industries would be encouraged to use robots, chatbots, automation, power plants and data analytics in the fields of automobiles, health, mineral-based plants and loan distribution in finance.

He also expressed confidence that Visakhapatnam will emerge as a leading start-up destination due to its strong industrial base.

Support to start-ups

In order to provide support to start-ups, they were providing unified portals for information related to start-ups and incubators, financial support available to start-ups at seed, early venture and even at mature stage, Rao mentioned.

Through CoEs, they were offering support to start-ups in the form of mentoring, co-working space, equipment and investors, he said while adding that start-ups are getting IPR support on IPR through CoEs and display unit to showcase their unique products and services.

Under the Central Government’s National Policy on Software Products 2019, Visakhapatnam is likely to receive a lot of benefits. The policy is aimed at nurturing 10,000 technology start-ups that include 1,000 in tier-II and tier-III cities. This will help to develop a talent pool for software products industry by upskilling one million IT professionals, encouraging one lakh school and college students and specialise 10,000 professionals who can provide leadership.

The policy also recommends expanding support in research and innovation to institutions of higher learning by allocating Rs. 500 crore.

As per the NASSCOM Strategic Review-2017, global software product industry was estimated to be valued at US$ 413 billion and the share of software products in Indian IT & ITeS revenue is around US$ 7.1 billion.

LEAVE A REPLY

Please enter your comment!
Please enter your name here