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

Gallery

MORE...

Sports

Harmanpreet Singh named FIH Player of the Year, PR Sreejesh gets best goalkeeper award

Indian men's hockey team captain Harmanpreet Singh has been named Player of the Year 2024

World Boxing medallist Gaurav Bidhuri to flag off 'Delhi Against Drugs' movement on Nov 17

U23 World Wrestling Championship: Chirag Chikkara wins gold as India end campaign with nine medals

FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup

Hockey, cricket, wrestling, badminton, squash axed from 2026 CWG in Glasgow

FIFA : Over 100 female footballers urge FIFA to reconsider partnership with Saudi oil giant

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