Digital Financial Service Security Lab at GIFT City, Indian Inst of Science Edu & Research to come up in Gujarat

Gandhinagar: The Gujarat government has proposed to set up a Regional Digital Financial Services Security Lab at GIFT City, Gandhinagar for the Asia-Pacific region of the International Telecommunication Union. The budget presented today by Finance Minister Kanubhai Patel has made a provision of Rs. 2.24 crore for this purpose.

The State government also plans to introduce the Gujarat IT/ITES Startup policy for 2024-29 for which Rs. 10 crore provision has been made in the State budget.

The government has provisioned Rs. 5 crore budget to establish the Indian Institute of Science Education and Research in Gujarat.

Rs. 7.40 crore provision has been made to set up a Geochemistry and Geochronology facility at the Institute of Seismological Research at Gandhinagar.

Rs. 25 crore allocation is made to establish the ‘Unleashing the Digital Future’ Science gallery at Science City.

The government has proposed to establish IP Labs and innovation centers in Gujarat’s 33 districts, for which an amount of Rs.3.30 Crore is provisioned for the financial year 2024-25.

The government has proposed an Accelerator (Vocal for Local-Technology Transfer Hub, Manpower AtmaNirbhar Gujarat Fellowship) and establishment at Savli Technology & Business Incubator for which Rs.1.25 Crore provision is made.

Further, the government has provisioned allocations of Rs. 45 crore to meet various initial costs for BharatNet project phase-3 and Rs. 60 crore for grant incentives for the space sector in the State.DeshGujarat