New STPI Hub in Kolkata to Boost AI, Blockchain & Emerging Tech Startups

22 Feb 2025 CW Team

The incubation centre spans 200,000 square feet, including 75,000 square feet of raw incubation space, and offers plug-and-play office setups. It is equipped with high-speed data communication and modern infrastructure to support IT/ITeS startups and small and medium enterprises (SMEs). Startups housed in the facility will have access to mentorship, industry collaborations, and global networking opportunities. The initiative is also expected to create significant direct and indirect employment in the region.

As India continues to expand its technology landscape, the focus remains on fostering innovation and developing advanced digital capabilities, including artificial intelligence (AI) and data-driven technologies. The government is working towards ensuring equitable access to emerging technologies for researchers, students, and startups, particularly in Tier-2 and Tier-3 cities.

STPI plays a crucial role in this transformation, currently operating 67 centres across India, with 59 located in non-metropolitan regions to drive inclusive growth. The organization has also established 24 domain-specific Centres of Entrepreneurship (CoEs) dedicated to sectors such as HealthTech, MedTech, Blockchain, IoT, and Agritech.

By expanding technology access and incubation support beyond major urban centres, initiatives like the STPI facility in Kolkata contribute to India's vision of becoming a global leader in technology and innovation.

News source: Swarajya

Image Source: ET

The Software Technology Parks of India (STPI), operating under the Ministry of Electronics and Information Technology (MeitY), has launched a new incubation facility in Salt Lake, Kolkata. This initiative aims to promote entrepreneurship, boost IT exports from West Bengal, and strengthen the region's Information Technology (IT), IT-enabled services (ITeS), and Electronics System Design and Manufacturing (ESDM) industries. The incubation centre spans 200,000 square feet, including 75,000 square feet of raw incubation space, and offers plug-and-play office setups. It is equipped with high-speed data communication and modern infrastructure to support IT/ITeS startups and small and medium enterprises (SMEs). Startups housed in the facility will have access to mentorship, industry collaborations, and global networking opportunities. The initiative is also expected to create significant direct and indirect employment in the region. As India continues to expand its technology landscape, the focus remains on fostering innovation and developing advanced digital capabilities, including artificial intelligence (AI) and data-driven technologies. The government is working towards ensuring equitable access to emerging technologies for researchers, students, and startups, particularly in Tier-2 and Tier-3 cities. STPI plays a crucial role in this transformation, currently operating 67 centres across India, with 59 located in non-metropolitan regions to drive inclusive growth. The organization has also established 24 domain-specific Centres of Entrepreneurship (CoEs) dedicated to sectors such as HealthTech, MedTech, Blockchain, IoT, and Agritech. By expanding technology access and incubation support beyond major urban centres, initiatives like the STPI facility in Kolkata contribute to India's vision of becoming a global leader in technology and innovation. News source: SwarajyaImage Source: ET

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..