Maharashtra govt holds road show in Bengaluru; eyes ₹95,000 crore investments in IT sector

The Maharashtra government held a road show in Bengaluru on Tuesday, seeking investments into the information technology and IT-enabled services sectors.

Published on: Jun 12, 2024, 09:48:47 IST

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The Maharashtra government held a road show in Bengaluru on Tuesday, seeking investments into the information technology and IT-enabled services sectors.

An event was organised at a hotel in Bengaluru -- which is referred as India's Silicon Valley for its IT sector prowess -- in association with industry lobby Assocham.

Maharashtra Industrial Development Corporation (MIDC)'s joint chief executive Anil Bhandari said the state, known to be one of the most industrially-developed in India, is targeting investments of ₹95,000 crore in the sector as part of its IT policy adopted last year.

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An event was organised at a hotel in Bengaluru -- which is referred as India's Silicon Valley for its IT sector prowess -- in association with industry lobby Assocham.

The event was attended by senior officials from companies like IBM, Adobe, Wipro, J P Morgan Chase and Linkedin, as per the agenda. It also had executives from several realty companies and brokerages.

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Maharashtra's development commissioner for industries Deependra Singh Kushwah said the state is looking for investments in emerging technologies like internet of things, Artificial Intelligence, robotics, and augment and virtual reality, as per an Assocham statement.

"With various business-friendly policies, great connectivity, uninterrupted power and water supply and most importantly very talented workforce that will further drive the growth of the IT and ITeS sector in Maharashtra," Kushwah added.

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Bhandari said the state, known to be the data centre hub of the country, is targeting to double the capacity in the next 4-5 years and also emphasized its potential to become a hub for global capability centres.

At present, several IT, ITeS and GCC (global capability centre) players are operating from Mumbai, Pune and Nagpur.

Assocham southern region council's chairman and Toyota Kirloskar's executive advisor T R Parsuraman said the chamber is delighted to welcome representatives from Maharashtra to explore opportunities in Karnataka.

ABOUT THE AUTHOR
Yamini C S
Yamini CS is a Senior Content Producer at Hindustan Times with nearly six years of experience in digital journalism. She is part of the India News desk, where she works on a wide range of stories cutting across civic issues, city-based developments, politics, governance, public policy, breaking news, trending topics, and international affairs that have an impact on India. Her role involves tracking fast-moving developments, verifying information from official and on-ground sources, and presenting news in a clear, accessible format for a digital-first audience. A significant part of her work includes handling live blogs during major news events, such as elections, court verdicts, political developments, civic disruptions, protests, weather-related alerts, and unfolding national or international incidents. Through live coverage, she focuses on timely updates to help readers follow complex stories as they evolve. Before moving to the broader India News desk, Yamini was associated with the Bengaluru desk at Hindustan Times, where she extensively covered urban governance, infrastructure, traffic and transport issues, weather events, public grievances, and civic administration in the city. This experience strengthened her grounding in city reporting and sharpened her focus on citizen-centric journalism. She began her career as a correspondent with Reuters after completing a postgraduate diploma in journalism from the Indian Institute of Journalism and New Media. Her early training instilled a strong emphasis on accuracy, sourcing, and news ethics, which continue to shape her reporting style. Outside of work, Yamini enjoys reading across genres, listening to music, and spending time with her family, which help her maintain balance in a fast-paced newsroom environment.Read More

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