The proposed Bengal Silicon Valley IT Hub is an Innovative Information Technology hub cutting-edge technology, which is envisioned to attract investment in IT/ITes/Telecom projects with employment potential. This will be a futuristic hub that will catalyze the IT ecosystem in the state and will act as a beacon for the IT industry.The foundation stone of the project was laid on 13th August 2018 by Hon’ble Chief Minister of West Bengal, Smt Mamata Banerjee.
The hub is planned to be set up on approximately 200 acres of land in a strategic location in New Town’s Action Area-II, near Eco-Park, which can be reached within ten minutes from Kolkata International Airport. The New Town-Salt Lake Sector V twin towns together have more than 74 IT companies and boasts of an ecosystem which is conducive to the growth of IT/ITes enterprises.
The proposed Bengal Silicon Valley ITHub is expected to be home to MNCs, start-ups, incubators, investors, all working on deep innovation in technology and tech-enabled business applications/models with a global footprint with few specific goals:
• Generating technology-led employment and boosting the state GDP
• Branding the state of West Bengal and the city of Kolkata as a tech-savvy and technology friendly city
• Signaling the broader tech ecosystem (in India and globally) to actively consider Kolkata as an attractive technology hub in India
Envisaged as a world-class technology center, the Bengal Silicon Valley IT Hub will provide the entire gamut of physical infrastructure to accommodate tech-led enterprises from different domains.
On the other hand
West Bengal Housing and Infrastructure Development Corporation (HIDCO) is coming up with a 'vertical city' in the Fintech hub at New Town that will have space reserved for Fintech start-ups.
"So far 25 financial institutions, both banking and non-banking, have taken up space in the Fintech hub located in the Central Business District (CBD) in New Town. Whenever financial issues are involved, the question of a foolproof cyber security guard or start-ups becomes imminent. A very tall iconic tower will come up in the CBD, which will provide space for the Fintech community, particularly start-ups. This will create a perfect ecosystem with the financial institutions as they come up gradually," said a senior HIDCO official.
The State Bank Institute of Leadership has already come up, while the National Insurance Corporation is in an advanced stage of construction. Several others have done their boundary walls.
It may be mentioned that the space that was initially designed as a financial hub in January 2012, has now transformed into a legal and financial hub. The National Green Tribunal has started its operation in the same space and forums for settling disputes related to arbitration, consumer matters and similar quasi-judicial centres are coming up there for dispute redressal.
"The standing committee of the state Cabinet has recently given the approval for allotment of 1.25 acres of land at the Fintech hub for setting up an Income Tax Appellate Tribunal. The plot will be allotted on a 99 year lease," the official added.
Meanwhile, a Mckinsey Global Institute report has predicted that Kolkata will be one of the three metros that will emerge as the epicentre of global financial activities by 2030, so the state government
is leaving no stones unturned to project itself as one of the major players in the financial world.
"If someone is seriously involved in top-ticket financial activities, he/she cannot really overfly Kolkata in the near future. That is how the city is evolving," said Additional Chief Secretary, Information Technology & Electronics department, Debashis Sen.
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18 сен 2024
