MUMBAI: In a major step towards achieving the 'Viksit Maharashtra' objective within the 'Viskit India 2047' vision, the Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis on Tuesday gave approval for the establishment of a new independent department for Electronics, Information Technology, and Artificial Intelligence.
The Directorate of Information Technology will be transformed into the Directorate of Electronics, IT, and AI. A new IT Cadre, comprising permanent positions for ministerial departments, the Commissioner’s office, and all districts, will be created to accelerate IT, AI, and digital governance in the state.
The state Cabinet’s move comes after the CM Fadnavis recently told the state legislature that Maharashtra is leading the way in the space of AI startups. He further stated that the state government is making special efforts to promote fintech and AI startups as it seeks to make the state a trillion-dollar economy.
He added that technology will serve as the foundation of this economic growth, and the government is positioning the state as a leader in the startup and technology sector.
The state Cabinet also cleared the financial restructuring of the state power distribution company Mahavitaran Government bonds that will be issued in the capital market for state-guaranteed loans amounting to Rs 32, 679 crore.