Global fintech firms showing interest in coming to Vizag after promotion drives by Government.
Vizag is increasingly seen as a suitable place for national and international Fintech firms to set-shop in, thanks to the Andhra Pradesh Government’s initiatives to promote Vizag as the emerging Fintech destination such as Global Fintech Festival and One Million Dollar Startup Challenge in the last year, and will be receiving an investment of 500 crore from over 75 global firms in the upcoming years.
Already, major international companies such as Conduent and Franklin Templeton and Indian firms such as Federal Bank and Paytm have started their operations in Vizag.
Moreover, Vizag is set to be an incubation ground for start-ups with the help of WHub, a Hong Kong firm which specializes in encouraging start-ups, which signed an MoU with the government.
According to STPI Joint Director M.P. Dubey, the city is going to see the creation of thousands of jobs in the next couple of years itself.