Prime Minister Narendra Modi on Monday inaugurated the Reserve Bank of India’s (RBI) newly established Data Centre and Cybersecurity Training Institute in Bhubaneswar, Odisha, marking a step towards strengthening the country’s digital financial infrastructure and technological capabilities.

The Prime Minister highlighted the role of the new facilities in enhancing digital security and promoting technological self-reliance. He emphasised that a secure banking system requires robust digital infrastructure, including reliable data centres and advanced computing systems.

Union Finance and Corporate Affairs Minister Nirmala Sitharaman underscored the importance of resilient infrastructure in maintaining financial stability and supporting economic growth. She stated that the new Data Centre will house critical RBI systems, including the Real-Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) platforms. The Cybersecurity Training Institute will focus on developing expertise in cybersecurity, artificial intelligence and other emerging technologies.

RBI Governor Sanjay Malhotra reiterated the central bank’s commitment to adopting emerging technologies, strengthening digital infrastructure and cybersecurity, and developing indigenous technological capabilities. He also highlighted the role of these initiatives in supporting India’s vision of becoming a developed nation by 2047.

The inauguration was attended by Odisha Governor Brajmohan Ram, Chief Minister Mohan Charan Majhi, Deputy Chief Ministers Kanak Vardhan Singh Deo and Pravati Parida, Union Tribal Affairs Minister Jual Oram, Members of Parliament Manmohan Samal and Aparajita Sarangi, along with senior government officials, banking representatives, industry leaders and technology experts.