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India’s first Centre of Excellence for IoT launched in Bengaluru

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According to Nasscom, 120 firms offer IoT solutions in India with nearly 60% of them emerging after 2010. Indian IoT firms received around $60 million in funding in the last three years.

ET Bureau  |  Jul 09, 2016, 00.01 AM IST.

India’s first Centre of Excellence for Internet of Things (CoE-IoT) was launched in Bengaluru on Thursday.

1 - IoT Nasscom

The CoE was announced last year as part of the Digital India programme and has been built as a joint effort between the government of India and Nasscom, Department of Electronics & Information Technology (DeitY) and Education and Research Network (ERNET).

According to Nasscom, 120 firms offer IoT solutions in India with nearly 60% of them emerging after 2010. Indian IoT firms received around $60 million in funding in the last three years. The Indian IoT market is expected to be $15 billion by 2020.

6-IoT Nasscom

‘Disruption happens in politics too,’ Minister for Information Technology and Electronics Ravi Shankar Prasad said while inaugurating the CoE-IoT. He added that he was grateful that PM Modi ‘didn’t disrupt him from IT and electronics’.

The CoE will cost about Rs 22 crore over a period of 5 years, with 50% of the cost to be met by the Centre and the rest by the Karnataka government and Nasscom.

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