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PM Modi to Inaugurate RBI's ₹169-Crore Data Centre in Odisha
Sentiment: NeutralHigh Priority
What Happened?
Prime Minister Narendra Modi will inaugurate the Reserve Bank of India’s ₹169-crore data centre and Cybersecurity Training Institute in Bhubaneswar, Odisha, on Sunday. This facility aims to enhance India's financial system's technological foundations.
Key points
- Modi's visit marks his ninth trip to Odisha since the BJP government was formed in 2024.
- The data centre will be the second RBI facility of its kind, following one in Navi Mumbai.
- It is designed to meet RBI's computing needs and ensure operational resilience.
- The facility has been certified to Uptime Institute Tier IV standard, indicating high operational resilience.
- The Cybersecurity Training Institute will focus on technologies relevant to banking and financial services.
Key insights
- The data centre's establishment may lead to improved efficiency in digital financial services.
- Strengthening cybersecurity training could enhance the overall security framework for financial institutions.
- The facility's location reduces exposure to natural disasters and geopolitical risks.
Why it matters
The inauguration could enhance Odisha's digital infrastructure and financial data security.
Tags
Entities
Narendra Modi· PersonReserve Bank of India· OrganizationOdisha· StateBhubaneswar· City
Source
India Today
