India's progress towards becoming a true #digitaleconomy , backed by progressive government policies, is encouraging domestic and #globaldatacentre operators to make huge investments in the country.
The shift towards cloud has pushed increased investments in hyper-scale data centers with the global data centre market investments expected to reach $200 billion per annum by 2025. India is also expected to get a share in this growth with investments in the country expected to reach $5 billion per annum by 2025. But to meet this rising demand, India will require a huge investment in data center and cloud infrastructure over the next three years.
Demand is likely to ramp up further due to the imminent rollout of #5G, increasing usage of IoT-enabled devices, data localization and cloud adoption. The businesses are looking to adopt cloud servers and surging cloud applications will make it imperative for businesses to have a reliable and secure IT infrastructure, where data can be stored and processed effectively.
#DataCenters are the backbone of a digital revolution. The Government of India's proposed Draft Data Center Policy aims to make India a 'Global Data Center Hub'. This will provide long-term funds for investments in the sector. State Governments have also been providing incentives to industry players for setting up data center parks.
The synergy of technology, legislation, demand, and investments is expected to usher in an era of high growth for India's DC industry in coming years. As India emerges as one of the fastest-growing data economies, India's adoption of cloud technologies will be imperative to tap into the global cloud market to help enterprises and the industry embrace this opportunity and further the Digital India agenda of Government of India.
As part of the policy framework, the Ministry is looking at reducing the number of clearances needed for setting up a data center. Acc.
India's progress towards becoming a true #digitaleconomy , backed by progressive government policies, is encouraging domestic and #globaldatacentre operators to make huge investments in the country.
The shift towards cloud has pushed increased investments in hyper-scale data centers with the global data centre market investments expected to reach $200 billion per annum by 2025. India is also expected to get a share in this growth with investments in the country expected to reach $5 billion per annum by 2025. But to meet this rising demand, India will require a huge investment in data center and cloud infrastructure over the next three years.
Demand is likely to ramp up further due to the imminent rollout of #5G, increasing usage of IoT-enabled devices, data localization and cloud adoption. The businesses are looking to adopt cloud servers and surging cloud applications will make it imperative for businesses to have a reliable and secure IT infrastructure, where data can be stored and processed effectively.
#DataCenters are the backbone of a digital revolution. The Government of India's proposed Draft Data Center Policy aims to make India a 'Global Data Center Hub'. This will provide long-term funds for investments in the sector. State Governments have also been providing incentives to industry players for setting up data center parks.
The synergy of technology, legislation, demand, and investments is expected to usher in an era of high growth for India's DC industry in coming years. As India emerges as one of the fastest-growing data economies, India's adoption of cloud technologies will be imperative to tap into the global cloud market to help enterprises and the industry embrace this opportunity and further the Digital India agenda of Government of India.
As part of the policy framework, the Ministry is looking at reducing the number of clearances needed for setting up a data center. Acc
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Declaration:
Marching ahead with an indomitable spirit.
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#BharatJodoYatra
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Dr. Deepak Kumar Sahu, Publisher – VARINDIA #OITF2023
‘Odisha is marching ahead with renewed confidence towards a new Odisha’
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The TVC's of the new Tata Sky Digitization campaign 'aapke paas Tata Sky nahi hai kya?' feature Lale & Dabbu where, Lale is a Cable TV user and hence, he cannot avail features like electronic program guide, make my pack, actve services etc that Dabbu enjoys with his Tata Sky set top box. In this commercial, how Tata Sky's superior service assists you in smooth relocation of your set top box when you move to a new house is brought out with the use of witty tongue-and-cheek humor.
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Amitabh Kant CEO, NITI Aayog speaking at FICCI's 89th AGMWatch Amitabh Kant CEO, NITI Aayog speaks on Digitization Imperative for India With HD Quality
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While addressing Indian diaspora in Stockholm, Sweden, PM Modi spells out how GST, digitization, social welfare schemes and DBT, have made India a better place not just for the common man but also for the businesses. India jumped 42 places and secured place in top 100 for the first time in 'ease of doing business'.
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Part 12: Dr. Ved Pratap Vaidik expresses his views on digitization, evolution and new era of journalism in India
Watch his exclusive interaction and addressing to the Chandigarh Media.
Chandigarh Press Club is organed a special interactive session by eminent journalist Dr Ved Pratap Vaidik at in Chandigarh on 23rd February 2019. Dr Vaidik had been with Press Trust of India as the founder editor of its Hindi news agency 'Bhasha' and was also the editor in Navbharat Times.
The event was presided by D. Ved Pratap Vaidik, Sh. Barinder Singh Rawant (President, Press Club Chandigarh) and Sh. Jaswant Singh Rana (General Secretary, Press Club Chandigarh).
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#CBDC can be considered similar to cryptocurrencies but are centralized and regulated. The first pilot of the retail digital rupee will be issued in the same denominations as the currently issued paper currency and coins. Person-to-Person and Payment to Merchant transactions can be made, and Payments to Merchants can be made through QR codes displayed at merchant locations.
Experts say, retail CBDC is helpful for the general public as they can use it in their day-to-day transactions. Also, CBDC is based on Distributed Ledger Technology, the same as the private blockchain network funded by the government, enabling tracking of anonymous transactions. Therefore, it facilitates making secure and safe transactions and prevents any illegal activity. Government can monitor and trace any suspicious transactions and implement anti-money laundering and combating financial terrorism measures.
Experts say, CBDCs, by their very nature, are digital versions of paper currency, and like paper currency, they will have unique serial numbers and denominations. The point is that the paper version of the rupee and the digital are the same.
CDBCs will convert a percentage of the paper currency into a digital version, which will then be used for merchant transactions for goods and services and for peer-to-peer transfers. This is advantageous to the country from both an efficiency and cost perspective. Because of instant settlement and high trust, this can be very useful, particularly in the hinterland areas.
Going forward, there has been substantial growth in the digital payments markets over the last few years, which only promises to continue. CBDCs will undoubtedly bring many efficiencies to the Indian payment system. India will join Sweden, China, the European Union, The Bahamas, etc., as a CBDC nation. Besides, the government should adopt safeguards to avoid threats of #cyberattacks.
Today's Headline in NewsHours
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Technology video | 128 views
India solidly back on track, marching towards growth and prosperity: Piyush Goyal
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In the recent times, India is emerging as a key player in development co-operation. The initiatives include trade and investment, technology transfer, health, infrastructure, finance through credit lines and grants, training and capacity building.
Vasudhaiva Kutumbakam is a unique philosophy that resonates at the very core of India’s age-old tradition of inclusion.It is carried forward by our PM Shri Narendra Modi who believes in uniting humanity by following in the footsteps of this ancient Indian adage. Our vision of ‘sabka saath, sabka vikas’ reflects this belief as we walk together with our partner countries, bringing empowerment and growth for all.
India’s development co-operation is impacting 63 countries across 3 Continents today, through majorly concessional lines of credits or LoCs.
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