Government of AP Increase Growth Avenues with FinTech Valley
Andhra Pradesh FinTech Valley located in Vizag is a self-sustainable global FinTech ecosystem that focuses on converging finance and technology to create large avenues of growth through industry enablers, world class substructure, free enterprise and innovation says Chowdary, Chief Minister Special Chief Secretary & IT Advisor.
This Fintech Valley in Andhra Pradesh is a self-sustainable global fintech ecosystem that focuses on converging finance and technology to create large avenues of growth through industry enabler’s world class organization this entrepreneurship and novelty. This global financial services companies govt and academia come together in this valley to build capacity, market access, infrastructure, connectivity, funding channels, incentive mechanisms to achieve unmatched business goals and achievements.
FinTech provides more than just access to fintech technologies and innovators enables an oasis in which cyber security, digital education blockchain and research thrive using state of the art incubators and accelerators, expertise and mentoring, innovation labs, along with institutes that provide every individual and business with a unique set of opportunities to produce.
Corporates too are granted avenues as business disruptors in Fintech Valley through creation of networks with the government and private players for building capabilities Center of Excellence, to set a stage for financial and technological presence, Andhra Pradesh government is facilitating access to free infrastructure for 6 months free fiber connectivity and preferential market access to facilitate POCs of the startups. Moreover the funds of funds strategy will be executed soon as per the report.
Here, an Advisory Council consisting of global and Indian thought leaders from the fintech sector will soon be headed by CM Chandra Babu Naidu to handle funds and map out details of the Fintech Valley. Partners are provided advisory services support in setting up manufacturing services, the infrastructure development assistance in R&D and support for implementation of mutually beneficial projects by the state govt as per the official report.