Andhra Pradesh govt wants Vizag to act as global hub for fintech firms

State govt trying to attract companies from Silicon Valley

After taking away some of the big investments in manufacturing, especially automobile and textiles, from Tamil Nadu, Andhra Pradesh is now going aggressive in the information technology(IT) sector, with plans to make the state a hub for financial technology and cyber security industries. Some of the Fintech companies from Chennai and Bengaluru are expected to set up their facility in Vishakhapatnam, said senior officials from the state government.
 

Back in 2016, the state government set up a sustainable global Fintech ecosystem- the Fintech Valley Vizag- in association with its knowledge partner. The project was slated to bring the industry, academia