Visakhapatnam Fintech Valley is going innovative in attracting global investors by taking the roadshow promo route at key locations abroad.

Fintech Valley Visakhapatnam is leaving no stone unturned in it’s drive to create global visibility and and find the right investors. This time the trick is a roadshow promo. Planned at key locations across the globe, the roadshow will hold its promo at Singapore, Hong Kong, New York, Boston, Silicon Valley and other fintech hubs in December, 2017 and January, 2018. This is primarily aimed at increasing visibility and inviting companies to come and be a part of the $1 million Global Fintech Challenge. By this challege modern technologies will be harvested for solutions to critical problems.

The mammoth Fintech Valley Visakhapatnam is a progressive and ambitious project of the state government of Andhra Pradesh, established under the AP Electronics and IT Agency. The Hindu gives the details after interaction with Special Chief Secretary and IT Adviser to Chief Minister J.A. Chowdary. Winners will lay claim to prizes at the Global Fintech Summit planned slated for the later half of 2018. The contest requires that the companies who participate in the challenge must base 20% of their operations at Fintech Valley, Visakhapatnam.

A lot has already happened, not withstanding the spectacular results the roadshow promo might get. That a fintech hub will happen at Vizag is without doubt and the achievement of global standards already in the works. Here are the highlights of the developments so far –

Highlights

#1 Thomson Reuters has already signed an MoU for launching ‘Innovative AppStudio,’ at Gitam University as well as digital content exchange programme under e-Pragati initiative to offer content powered by its e-book software, ProView and legal research solution-WestLaw.

#2  VISA as we all know by now in working to make Visakhapatnam a cash-less, pro-digital payments city.

#3 ANSR Consulting has secured 10 acres at Rushikonda to set up a Global In-house Centre.

#4 ICICI Bank and Mahindra Financial, Lattice80, Monetary Authority of Singapore (MAS), SBI Capital and other firms are in the works.

#5 9 companies are on board and 15 will start operating here shortly. In addition to this 35 companies have given assurance of investment.

The future prospects look bright and the hopes for a world class hub in Visakhapatnam are not just a dream anymore.

Information first published by The Hindu.