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Bengal holds roadshow in Bengaluru to lure investments

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Newsgram Staff Writer

Bengaluru: In a bid to woo investments, the West Bengal government showcased a plethora of goodies including a ready talent pool, low attrition rates, five million square foot ready to occupy office space in IT parks, 15 IT parks and two hardware parks, generous IT policies in a roadshow here on Tuesday.

“We want to make Bengal the startup capital of India,” said West Bengal Finance Minister Amit Mitra at the road show to promote the Bengal Global Business Summit 2016.

He exhorted investors and entrepreneurs from Bengaluru to take advantage of the opportunities and look towards West Bengal as an investment destination.

The West Bengal government and Federation of Indian Chamber of Commerce and Industries (FICCI) organized the roadshow as a prelude to the business summit scheduled in Kolkata on January 7 to 9, 2016.

The road show laid a special emphasis on the IT industry, highlighting the state’s favorable policy and incentive scheme introduced in 2012.

A 10,000 square foot space at Webel Bhavan, Salt Lake, Kolkata, earmarked for the NASSCOM startup warehouse was also showcased.

West Bengal also announced six new theme township projects offering several investment opportunities.

(With inputs from IANS)

 

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India’s Cloud Market to hit $7 bn by 2022: Nasscom

The report also draws attention to a few challenges to the growth of Cloud market in India such as data security and lack of Internet infrastructure specially in tier-2 and rural markets of the country

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IT corridor, india-china
The new corridor will facilitate partnerships between Indian and Chinese firms as part of Nasscom's efforts to evangelise IT development in newer geographies. Pixabay

With increased adoption of futuristic technologies such as Artificial Intelligence (AI) and Machine Learning (ML), the Cloud market in India is poised to grow three-fold to $7.1 billion by 2022, according to a Nasscom report on Tuesday.

In 2018, Cloud spending stood at approximately 6 per cent of the total IT spending, according to the report prepared in collaboration with Google Cloud and Deloitte Touche Tohmatsu India LLP.

“India’s Cloud computing market is poised for growth and the technology is increasingly being embraced across businesses as well as consumers,” Debjani Ghosh, President, Nasscom, said in a statement.

Newly appointed Nasscom Chairman- Rishad Premji.

Globally, the Cloud spending on IT is growing at 16.5 per cent and is expected to touch $345 billion by 2022, said the report titled “Cloud — Next Wave of Growth in India”.

The report highlights that Cloud spending is propelled by factors such as increased awareness of Cloud, consumerisation of IT, proliferation of start-up ecosystem, diverse landscape of supplier ecosystem, rising investments in infrastructure, talent, strategic partnerships and the impetus from key digital-led government programmes.

Also Read- NASA Wants Humans To Reach Mars By 2033

Futuristic technologies such as AI and ML are aiding in the seamless adoption of software as a service (SaaS), infrastructure as a service (IaaS) and platform as a service (PaaS) offerings, giving a boost to the Cloud market.

The report also draws attention to a few challenges to the growth of Cloud market in India such as data security and lack of Internet infrastructure specially in tier-2 and rural markets of the country. (IANS)