In a significant step towards promoting technology, innovation and economic growth, Tamil Nadu Chief Minister, MK Stalin, on Saturday, June 17, under the States Technological development plan, Tamil Nadu, laid the foundation stone for the ‘Fintech City’. This inauguration marked the commencement of a promising journey towards establishing a dedicated ecosystem for fintech companies in Tamil Nadu.
TRB Rajaa, Tamil Nadu Industries Minister, said, “The Financial Technology Tower, which will come up in Nandambakkam in Chennai, is expected to generate 7,000 new jobs in the state in the initial phase.”
Commenting further on this, he said, “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 democratizing access to financial services.”
The Fintech City aims to attract leading fintech players, startups, and investors to Chennai, by creating an environment, conducive to collaboration, growth, and technological advancement.
The state has strategically located the projects neighboring the Chennai Trade Centre, which will facilitate connectivity and help smoothen operations and networking opportunities. The Fintech City aims to serve as a comprehensive center for fintech activities which will provide a variety of amenities which includes co-working spaces, R&D facilities, and incubation centers.
With incorporating cutting edge technology and innovation in Tamil Nadu, the state is looking to revolutionize the fintech sector.
