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'Kolkata to emerge as a big financial centre by 2030'

Press Trust of India  |  Kolkata 

is poised to emerge as a major financial centre by 2030, a senior official today said.

Quoting a study prepared by McKinsey Global Institute, Debasish Sen, additional chief secretary, IT & electronics department of the said was one of the top Indian cities emerging as the epicentre of global financial activities by 2030.

"is in an intrinsically advantageous position. If is geographically close to and London, Kolkata is even closer to and -- the two international financial and business centres in Asia," Sen said at a (CII) event here today.

Sen said that by virtue of its relative proximity to and Hong Kong, Kolkata stands a brighter chance to become a big IT hub.

"Not only do all IT majors have big presence at Salt Lake Sector V and New Town, the has come up with a centre of excellence in cyber security at The planned Innovation Hub at Bantala is also expected to be operational by the second half of 2019," Sen added.

The government has also laid a special emphasis on developing a financial hub in where as many as 23 financial institutions, including several companies have taken plots, Sen said.

Seventeen acres have been earmarked for a fintech hub, Sen said, adding that in the best possible way tops the West Bengal governments priorities.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 10 2018. 21:06 IST