Karnataka Current Affairs

NASSCOM opens Center of Excellence (CoE) for Data Science and Artificial Intelligence in Bengaluru

Indian IT industry apex body NASSCOM (National Association of Software & Services Companies) has opened Centre of Excellence for Data Science and Artificial Intelligence (CoE-DSAI) in Bengaluru, Karnataka. The centre was set up in collaboration with Karnataka Government with an aim to nurture innovation in emerging disruptive technologies such as AI and to leverage the power of data science.

CoE-DSAI

The centre aims to support small and mid-sized businesses (SMB) by fast-tracking their product developing, providing market access and assist them by co-creating programs along with other industry partners and start-ups. It will work with governments and universities to provide emerging businesses with required mentorship, talent and skills. It will create platform for industry to academia to co-create digital solutions for Industry 4.0. It will work with Government & enterprises to make available large data-sets for training model, create a technology platform (cloud + on premise) with requisite library of solutions.

NASSCOM-NITI Aayog Partnership

NASSCOM also signed Memorandum of Understanding (MoU) with NITI Aayog to collaboratively foster applied research, accelerating adoption and ethics, privacy and security. Under it, NASSCOM will facilitate collaboration between NITI Aayog and CoEs. It will also include NITI Aayog as knowledge partner.

Comment

Both these initiatives have been taken with aim to strengthen country’s AI ecosystem and will serve as platform for intelligence-sharing and technology collaboration between stakeholders to build collective capabilities for industry and country in the cutting-edge areas artificial intelligence.

National Association of Software and Services Companies (NASSCOM)

NASSCOM is global non-profit trade association (organisation) of Indian Information Technology (IT) and Business Process Outsourcing (BPO) industry. It facilitates business and trade in software and services and encourages the advancement of research in software technology. It is registered under the Indian Societies Act, 1860. Its headquarters are in New Delhi.

It has regional offices in Bengaluru, Chennai, Hyderabad, Kochi, Kolkata, Mumbai, Pune and Thiruvananthapuram. The global IT trade body has over 2000 members, of which over 250 are companies from the China, EU, Japan, US and UK. NASSCOM’s member companies are in the business of software development, software services, software products, IT-enabled/BPO services and e-commerce.

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Cabinet approves establishment Strategic Petroleum Reserves at Chandikhol and Padur

The Union Cabinet has approved establishment of additional 6.5 Million Metric Tonne (MMT) Strategic Petroleum Reserves (SPR) facilities at Chandikhol in Odisha and Padur in Karnataka. It also approved construction of dedicated SPMs (Single Point Mooring) for the two SPRs. This decision is in line with Government’s announcement of setting up of two additional SPRs during 2017-18 budget.

Key Facts

The SPR facilities at Chandikhol and Padur will be underground rockcaverns. They will have capacities of 4 MMT and 2.5 MMT respectively.  These facilities will provide an additional supply of about 12 days of petroleum reserves and is expected to augment India’s energy security. They will be built up project under Public Private Partnership (PPP) model to reduce budgetary support of Government of India. The terms and conditions of such PPP participation will be determined by Ministry of Petroleum and Natural Gas in consultation with Ministry of Finance after conducting road shows to elicit requirements of market, including prospective investors.

Background

Central Government under phase I of SPR programme has built three underground crude oil storage facilities (Strategic Petroleum Reserves) with total capacity of 5.33 MMT capacity at Vishakhapatnam (Andhra Pradesh, storage capacity of 1.33 million tonnes), Mangalore (Karnataka, 1.5 million tonnes) and Padur (Kerala, 2.5 million tonnes) to provide energy security of 10 days of consumption in response to external supply disruptions. They are maintained by Indian Strategic Petroleum Reserves Ltd (ISPRL), a special purpose vehicle (SPV), which is wholly owned subsidiary of Oil Industry Development Board (OIDB) under Ministry of Petroleum & Natural Gas.

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