Maharashtra to create incubation centre for startups close to Mumbai with Nasscom

Prime Minister Uddhav Thackeray said Friday that Maharashtra plans to set up a large start-up incubation center near the financial capital soon to boost new age businesses.

The state is also determined to make Mumbai one of the fintech hubs in Asia, Thackeray said at IT industry lobby Nasscom’s annual NTLF event.

Thackeray said that over 50 new businesses have benefited and over 1,300 jobs have been created in the past three years since the Nasscom 10,000 Startups program launched, which has a warehouse in nearby Navi Mumbai.

“Encouraged by this success, we plan to set up a large incubation center near Mumbai with Nasscom in the near future,” Thackeray said, ignoring the plan.

Following the success with the 2015 IT Directive, Thackeray said the state is now creating an IT / ITes (IT-Enabled Services) promotion for 2021 that will focus on creating the right ecosystem for tech companies, incentivizing innovation, and research and development Development will focus and work closely with the state.

Maharashtra is already leveraging technical inputs for governance and extending services to the public, including blockchain, Internet of Things and artificial intelligence-based solutions, he said.

Thackeray said that in addition to the traditional hubs of Mumbai and Pune, Thane, Raigad, Nashik and Nagpur are also receiving traction and technology investments recently.

He said over the past five years the state has received rupees 65,000 in investments from IT companies that have helped create 8.5 lakh jobs in the state.

Reinforcing his predecessor Devendra Fadnavis’ goal, Thackeray said the state is on track to become a $ 1 trillion GSDP state by 2025.

Currently, the GSDP stands at nearly $ 500 billion, or 16 percent of the national GDP, he said, adding that a third of the FDI the country receives goes into the state.

Thackeray said the pandemic is a test time for everyone and the tech industry has helped people stay connected through audio and video modes, and COVID-19 has helped accelerate the pace of technology adoption.

He also noted the casualties of emergency services personnel including the police and the medical community brought in to make sure the city kept moving.

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