Priyanka Tiwari
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The blueprint for North India’s first Fintech City in Sector-11 of the Yamuna Expressway Industrial Development Authority (YEIDA) region has been finalized. The total project covers 759 acres, with the first phase commencing on 250 acres. The detailed project report (DPR), prepared by Cushman & Wakefield India, is in its final stages.
Investment Conferences in Delhi and Noida
To attract global investors, major investment conferences will be held in Delhi and Noida next month. Leading Fortune 500 companies and financial business institutions will be invited to explore investment opportunities in Fintech City.
Special Incentives for Investors
Companies investing in Fintech City will receive multiple benefits, including:
- No need for separate licenses for operation.
- FDI-friendly policies to encourage global investment.
- Land subsidies of up to 75% for companies with 100% foreign direct investment (FDI).
Inspiration from Global Fintech Hubs
The development of Fintech City has been planned based on successful models from Singapore, Dubai, and Gujarat’s GIFT City. The project aims to become a hub for:
- Blockchain technology
- Payment gateways
- Digital currency solutions
- Online banking
- Fintech research
Specialized zones will be designated to ensure that every company gets an optimized environment suited to its operations.
Advantage of the New Industrial Policy
Both private and public sector companies will be allotted plots in Fintech City, benefiting from the government's new industrial policy. This initiative will boost investments and stimulate economic growth in the region.
According to Shailendra Bhatia, OSD of YEIDA, the DPR is nearing completion. A stakeholder meeting scheduled for next month will finalize the plot allocation plan.
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