Fintech City will make TN an unparalleled hub in financial technology: Industries Minister

The proposed financial technology tower of Fintech City being set up in Chennai is expected to bring in investments worth Rs 1,000 crore in its first phase, Tamil Nadu Industries Minister T R B Rajaa said.

Chief Minister M K Stalin, on Saturday, laid the foundation stone for setting up the Fintech City and a Fintech tower at an outlay of Rs 370 crore that is expected to generate 90,000 jobs in the state.

The Financial Technology Tower, which will come up in Nandambakkam in the city, is expected to generate 7,000 new jobs in the state in the initial phase, Rajaa said.