The Reserve Bank of India has inaugurated a Rs1.69bn ($17.7m) data centre and cybersecurity training institute at Info Valley-II in Jatni, near Bhubaneswar, Odisha.
India Prime Minister Narendra Modi opened the complex following a visit to Varanasi, establishing a dedicated operational site intended to reinforce the technological foundations of the nation’s financial system.
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The new data centre will accommodate the central bank’s mission-critical processing platforms, including the Real-Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) systems.
Speaking at the ceremony, Finance and Corporate Affairs Union Minister Nirmala Sitharaman stated that resilient digital infrastructure is vital to safeguarding financial stability and sustaining economic growth.
She noted that the accompanying training institute will cultivate technical expertise in AI, cybersecurity, and other emerging technological fields.
Modi emphasised that maintaining a secure banking sector requires protected digital systems supported by robust data centres and powerful computing resources.
Describing the facility as an essential step toward national technological self-reliance, he said the project reflects a governance model aimed at extending economic development across all regions.
Modi also commended the teams involved in delivering the project and observed that India’s banking sector now ranks among the most efficient worldwide, offering uninterrupted financial access on a 24/7 basis.
Reserve Bank Governor Sanjay Malhotra noted that the authority remains committed to adopting emerging technologies, enhancing digital infrastructure, strengthening cybersecurity frameworks, and building indigenous technical capabilities to support the goal of becoming a developed nation by 2047.
The inauguration was attended by Odisha Governor Brajmohan Ram, Odisha Chief Minister Mohan Charan Majhi, Union Minister for Tribal Affairs Jual Oram, and Odisha Deputy Chief Ministers Kanak Vardhan Singh Deo and Pravati Parida.
Members of Parliament Manmohan Samal and Aparajita Sarangi also attended, alongside representatives from commercial lenders, technology providers, academia, and the Reserve Bank’s Central Board.
In July this year, HCLTech announced plans to establish its first AI data centre at the upcoming Odisha Sovereign AI Park in Bhubaneswar, India, with a planned investment of Rs142.5bn ($1.4bn).
