Maharashtra unveils start-up, cloud policies

Our Bureau PTI Mumbai | Updated on January 17, 2018

Devendra Fadnavis, Chief Minister of Maharashtra, addressing a Technology Summit in Mumbai on Wednesday

Devendra Fadnavis, Chief Minister of Maharashtra (file photo)

Target for 5 lakh jobs, $2-b biz opportunity

The Maharashtra government announced its State Innovation and Start-up Policy on Wednesday, aiming to generate five lakh jobs in the next five years.

It also revealed its public cloud policy, which targets $2 billion opportunity for the industry. For a start, it has asked its departments to shift its data storage onto the cloud.

“Today, we have unveiled our public cloud policy and this policy will allow all government departments to have access to the public cloud,” Chief Minister Devendra Fadnavis said at the Maharashtra Technology Summit.

He said the policy, which is a first by any State, will result in additional private sector investments as the government is one of the biggest creators and consumers of data.

A senior State government official said it would create a $2-billion opportunity for the industry as every single State government department uses data storage based on physical devices.

The Fadnavis government had formed a four-member committee to draft a policy framework on cloud usage two months ago, which submitted a policy document that’s being now adopted as the public cloud policy.

The policy is likely to be formally set in motion through a detailed government resolution. In the next 20 days, five to six top cloud service providers like Amazon or Microsoft will be empanelled, the official said.

The State Innovation and Start-up Policy was cleared by the State Cabinet on Wednesday. The policy will be applicable till 2022.

The objectives of the policy are to attract ₹5,000 crore investment in the development of incubation and start-ups.

Provide ₹2,500 crore for youth entrepreneurship activities (one per cent of State Budget). Establish on an average three incubators in each of the 12 designated sectors and develop at least 2,000 start-ups in next five years. The wants to develop at least 10 lakh sq ft of incubation space within the state over the next five years.

An establishment up to five years from the date of its registration shall be considered as a start-up. The annual turnover of the establishment should be up to ₹25 crore. The establishment should be based on an innovative concept, innovative commercialisation of products and services or it could be based on innovative production methods and processes.

Published on January 17, 2018

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