Chennai’s fintech city expects Rs. 1,000 crore investments: Tamil Nadu Minister

0
237
Chennai's fintech city expects Rs. 1,000 crore investments: Tamil Nadu Minister
Chennai's fintech city expects Rs. 1,000 crore investments: Tamil Nadu Minister

The foundation stone for setting up the fintech city and a fintech tower, expected to generate 90,000 jobs in the state, was laid by the Chief Minister, M. K. Stalin, on Saturday at an outlay of Rs 370 crore

The proposed financial technology tower of fintech city, which is being set up in Chennai in its first phase, is expected to bring Rs. 1,000 crore in investments, said T. R. B. Rajaa, Industries Minister of Tamil Nadu.

The foundation stone for setting up the fintech city and a fintech tower, expected to generate 90,000 jobs in the state, was laid by the Chief Minister, M. K. Stalin, on Saturday at an outlay of Rs 370 crore.

Expected to generate 7,000 new jobs in the state in the initial phase, the Financial Technology Tower will come up in Nandambakkam in the city, Rajaa said.

“As the first phase of development of TN FinTech City, the Fintech Tower in Nandambakkam, Chennai, will attract over Rs 1,000 crore in investments, generate 7,000 employment opportunities for Tamil Nadu, and make the state an unparalleled hub in the financial technology sector,” Rajaa said in a social media post.

“It will shine as the central node for fintech companies in TN. Today, we have not just laid the foundation stone for a fintech city and tower, but once again ensured inclusive growth by democratising access to financial services,” he said.

The launch of the fintech tower sets the stage for a state-of-the-art facility that will propel the growth of the industry in the financial technology segment to new heights, said the state government-backed nodal agency Guidance Bureau.

Also readAutomate People and Process Management with greytHR

Do FollowCIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter

About us:

CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics