A Silicon Valley-based artificial intelligence business enters Bihar

The first US-based IT business 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 doing will result in a lot of advancement later on,” Tiger Analytics’ founder and CEO Mahesh Kumar said in a recent interview with PTI.

Currently, the firm employs over 4,000 people in India; the majority of these people work in Hyderabad, Bangalore, and Chennai.

Kumar, a native of Bihar, said that many of the company’s workers returned to their own state and began working remotely during the COVID-19 pandemic.

There are now around a hundred individuals living in Bihar and Jharkhand. He said, “They were content where they were working remotely and didn’t want to leave.

We came to the conclusion that while they are young, very smart individuals who like to live near to family, there are no job chances in Bihar. Many social media replies started to come in even before we opened our 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 often connects with other prosperous Bihari entrepreneurs in Silicon Valley, their objective is to inspire other like-minded individuals to unite and utilize it as a starting point to develop a larger no ecosystem in Bihar. Tiger Analytics is mainly a machine learning and artificial intelligence consulting firm.

“We hope that many more companies will come to Bihar in the same way, taking this lead into account,” Additional Chief Secretary Sandeep Poundrik of the Bihar Department of Industries told PTI.

This summer, a group of high-ranking Bihar officials visited Silicon Valley to meet with prosperous IT entrepreneurs who hail from Bihar.

“We are attempting to get IT firms to establish themselves in Bihar. It’s not an easy assignment, particularly given there aren’t many IT firms in Bihar at the moment,” said Poundrik, who also serves as the CEO of the Bihar Foundation, an organization that the state government supports for its expatriate population. Because there aren’t many IT businesses in Bihar, thousands of engineering students from the state are presently looking for work outside of it, he added.

In response to a query, Poundrik said that luring investment into the IT industry in Bihar is a bit more difficult.

First of all, I would argue that, particularly outside of India, their opinion of Bihar is not very good. as they are unfamiliar with Bihar or Patna. Thus, the only cities that come to mind for an IT business looking to launch a unit are Chennai, Bangalore, or Hyderabad. They don’t ever consider Bihar,” he said.

Secondly, I believe that in terms of IT, the market is global. 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, around 12 IT towers are being created at different phases of development,” he added.

The Bihar government is now preparing to host a Global Investors Summit in Patna on December 13 and 14, inspired by Tiger Analytics’ action.

Information Technology is one of the summit’s top priorities. We’ll make an effort to entice IT firms from both within and outside of India to visit and at the very least consider Bihar’s advantages and prospects,” he said.