Mumbai: The Maharashtra government conducted a promotional event in Bengaluru on Tuesday to attract investments in the information technology (IT) and IT-enabled services (ITES) sectors.
Anil Bhandari, Joint Chief Executive of the Maharashtra Industrial Development Corporation (MIDC), highlighted the state’s robust industrial landscape, aiming to secure investments totaling Rs 95,000 crore under its IT policy implemented last year.
The event, hosted at a prominent hotel in Bengaluru—often referred to as India’s Silicon Valley for its IT sector prominence—was organized in collaboration with the industry association Assocham.
Senior executives from leading firms such as IBM, Adobe, Wipro, J P Morgan Chase, and LinkedIn attended the event, alongside representatives from real estate companies and brokerages.
Deependra Singh Kushwah, Maharashtra’s Development Commissioner for Industries, emphasized the state’s focus on attracting investments in cutting-edge technologies including Internet of Things (IoT), Artificial Intelligence (AI), robotics, augmented reality, and virtual reality, according to a statement by Assocham.
Kushwah highlighted Maharashtra’s favorable business environment, robust infrastructure including reliable power and water supply, and a highly skilled workforce poised to drive growth in the IT and ITES sectors.
Bhandari underscored Maharashtra’s position as a leading data center hub in the country, with plans to double its capacity over the next 4-5 years. He also emphasized the state’s potential to emerge as a global hub for capability centers.
Currently, Mumbai, Pune, and Nagpur host several prominent players in IT, ITES, and Global Capability Centers (GCC).
T R Parsuraman, Chairman of Assocham’s Southern Region Council and Executive Advisor at Toyota Kirloskar, expressed enthusiasm about Maharashtra representatives exploring investment opportunities in Karnataka.
