BharatNet gets Rs 6,000 cr allocation in Budget, new policy on data centre parks on anvil

The govt intends to bring out a policy to enable private sector to build data centre parks throughout the country, FM Nirmala Sitharaman said.

Getty Images
NEW DELHI: The government on Saturday said Rs 6,000 crore will be allocated for the BharatNet programme in 2020-21 to further enhance broadband connectivity in rural areas.

With focus on new economy models based on new-age technologies like artificial intelligence (AI) and Internet of Things (IoT), the government also intends to bring out a policy to enable private sector to build data centre parks throughout the country, Finance Minister Nirmala Sitharaman said while 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 said.


It is therefore proposed to provide Rs 6,000 crore to BharatNet program in 2020-21, she added.

The finance minister noted that the new economy is based on innovations that disrupt established business models.

"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 said.
ADVERTISEMENT

Noting that government has harnessed new technologies to enable direct benefit transfers and financial inclusions on a scale like never before, she said analytics, fintech and IoT are changing 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 said.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Tech › Internet › BharatNet gets Rs 6,000 cr allocation in Budget, new policy on data centre parks on anvil
Text Size:AAA
Success
This article has been saved

*

+