Mumbai: With the Fourth Industrial Revolution sweeping the world, the time has come to transform Mumbai from India’s Financial Capital to Fin-Tech Capital.
Reliance, in partnership with the World Economic Forum, will set up a Centre for Fourth Industrial Revolution in Mumbai. This will be the first such centre outside the Silicon Valley, US and only the second in the world.
The Centre will allow policymakers and thought leaders in India to stay ahead of the curve through unique insights about new ways of governance, new applications and innovations.
On Tuesday, at the Magnetic Maharashtra summit, RIL entered MoUs with global giants, such as CISCO, SIEMENS, HP, NVIDIA, Nokia, EMC, Canon, Sumitomo, etc., to partner in developing the Centre. As many as 25 MoUs were signed during the day. RIL alone will be investing Rs 60,000 crore over 10 years in the project. The investment will create 100,000 jobs. The Centre will enable Maharashtra to emerge as the leader in new manufacturing. It will fuel the state’s goal to become the first trillion-dollar economy in India.
Digital opportunities, such as Block-chain technology and Internet of Things, offer significant applications in finance, trade and commerce in ways like never before. AR, VR, robotics, nanotech, big data, cloud computing, 3D printing, cyber security, start-up hubs and incubation centres will bring about exponential transformations across every sphere.
Kudos to the state chief minister, Devendra Fadnavis, who unveiled the Maharashtra Fin-Tech Policy, 2018, at the right time. Thanks to his youthful vigour and vision, the state economy is making great progress towards the trillion-dollar goal.
