The first US-based IT company to operate in Bihar is an artificial intelligence corporation with headquarters in Silicon Valley. This month, Tiger Analytics, a Santa Clara-based company, launched its first location in Patna.
“Our goal is that the first step we are taking will result in significant advancements in the future,” Tiger Analytics’ founder and CEO, Mahesh Kumar, stated in a recent interview with PTI.
Approximately 4,000 people work for the company in India at the moment; the majority of them are based in Chennai, Bangalore, and Hyderabad.
Kumar, a native of Bihar, claimed that many of the company’s workers returned to their native state and began working remotely during the COVID-19 pandemic.
There are currently about a hundred individuals living in Bihar and Jharkhand. He stated, “They were content where they were working remotely and didn’t want to leave.”
We came to the conclusion that although they are young, extremely smart individuals who like to live near their family, there are no job chances in Bihar. Many social media replies started to come in even before we opened this office (in Patna). In order to return to Bihar and continue working there, people are eager for Tiger Analytics to expand there, according to Kumar.
According to Kumar, who frequently connects with other prosperous Bihar entrepreneurs in Silicon Valley, their objective is to inspire more like-minded individuals to unite and use it as a starting point to develop a larger no ecosystem in Bihar. Tiger Analytics is primarily a machine learning and artificial intelligence consulting firm.
According to Sandeep Poundrik, Additional Chief Secretary, Department of Industries, Bihar, “we hope that taking this lead into account, many more companies will come to Bihar in the same way,” PTI was informed.
This summer, a group of high-ranking Bihar officials visited Silicon Valley to meet with prosperous IT entrepreneurs who hail from Bihar.
“Our goal is to get IT firms to establish themselves in Bihar. It’s not an easy assignment, particularly given there aren’t many IT companies in Bihar at the moment,” said Poundrik, who also serves as the CEO of the Bihar Foundation, an organisation that the state government supports for its diaspora community. Because there aren’t many IT companies in Bihar, thousands of engineering students from the state are currently looking for work outside of it, he said.
In response to a query, Poundrik said that luring investment into the IT sector in Bihar is a little trickier.
First of all, I believe that people have a negative impression about Bihar, particularly outside of India. since they are unfamiliar with Bihar or Patna. Thus, the only cities that come to mind for an IT company looking to launch a unit are Chennai, Bangalore, or Hyderabad. They never give Bihar a thought,” he remarked.
“Secondly, I believe that in terms of IT, the market is not local. We built the necessary infrastructure. Thus, a lot of private infrastructure has emerged in Patna in addition to whatever infrastructure the government has built for start-ups and IT enterprises. In the Patliputra industrial region of Patna, about 12 IT towers are being created at different stages of construction,” he said.
The Bihar government is now preparing to host a Global Investors Summit in Patna on December 13 and 14, inspired by Tiger Analytics’ action.
“IT is one of the summit’s top priorities. We’ll make an effort to entice IT firms from both inside and outside of India to visit and at the very least consider Bihar’s advantages and prospects,” he declared.