Govt to facilitate a 'world-class' fintech hub at Gift city: FM Sitharaman

Gallery

MORE...

Sports

Satwik-Chirag return as BAI names 14-strong squad for BWF Sudirman Cup Finals 2025

The Badminton Association of India (BAI) has announced a 14-member-strong India squad for

Men’s Sr Hockey Nationals to be played in division-based format from April 4

Mensik denies Djokovic 100th title in Miami final

KIPG: Son of a vegetable vendor, Bihar’s Jhandu Kumar eyes Worlds, 2028 Paralympics

Hardik Singh credits hard work and team unity for receiving HI Midfielder of the Year award

Djokovic, Alcaraz land in same half of Miami draw

MORE...

Govt to facilitate a 'world-class' fintech hub at Gift city: FM Sitharaman

Last Updated : 01 Feb 2021 12:20:49 PM IST

Union Finance Minister Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Monday said that the government will facilitate setting up of a world class fintech hub in Gujarat International Finance Tec (GIFT) city.

The Finance Minister said this while presenting the Budget in Parliament.

GIFT City is a planned business district that spans over 886 acres of land with 62 mn sq. ft. of built up area which includes office spaces, residential apartments, schools, hospital, hotels, clubs, retail and various recreational facilities.

GIFT City consists of a conducive multi-service SEZ (Special Economic Zone) and an exclusive Domestic Area.

The city is located on the bank of river Sabarmati connecting Ahmedabad and Gandhinagar.

India is one of the fastest-growing fintech markets in the world. The fintech market in India is expected to reach Rs 6,207.41 billion by 2025, expanding at a compound annual growth rate (CAGR) of 22.7 per cent during the 2020-2025 period, according to ResearchAndMarkets.

IANS

New Delhi