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

Image
Press Trust of India New Delhi
Last Updated : Feb 01 2020 | 12:40 PM IST

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.

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.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 01 2020 | 12:40 PM IST

Next Story