Infibeam Avenues inks MoU with Gujarat govt to invest Rs 2,000 cr by FY30

Infibeam Avenues, on Tuesday, inked a Memorandum of Understanding (MoU) with the Gujarat Government, with a proposed investment of Rs 2,000 crore by the financial year 2030 (FY30).

The company said it aims to develop its Artificial Intelligence (AI) Hub for developing AI technology for payments and platforms aimed at servicing retailers.

It announced the investment plan on the sidelines of the tenth edition of the Vibrant Gujarat Global Summit (VGGS) 2024.

“With this MoU, we aim to fortify our partnership with the Gujarat government, opening up avenues for growth for retailers across the country.