Google plans Fintech Centre at GIFT City
ECONOMY & POLICY

Google plans Fintech Centre at GIFT City

The CEO of Alphabet and Google, Sundar Pichai, announced that the company would open its global fintech operation centre at GIFT City in Gujarat. Pichai made the announcement after meeting with Prime Minister Narendra Modi during his three-day state visit to the US. He stated that the company would continue to invest in India through its $10 billion digitisation fund.

Pichai said that they were announcing the opening of their global fintech operations centre in GIFT City, Gujarat, and mentioned that it would solidify India's fintech leadership, thanks to UPI and Aadhaar. He expressed their intention to build upon that foundation and expand globally.

Pichai acknowledged Prime Minister Modi's vision for Digital India, stating that it was ahead of its time and now seen as a blueprint that other countries are considering. The Ministry of External Affairs tweeted that Modi and Pichai interacted and discussed topics such as artificial intelligence, fintech, and promoting research and development.

During their discussion, they also talked about potential collaboration between Google and academic institutions in India to foster research and skill development.

Tapan Ray, MD & Group CEO of GIFT City, stated that Google's decision to establish its global fintech operations centre in GIFT City demonstrated India's growing significance in the fintech landscape. He described the strategic announcement made by Google's CEO as a win-win situation that would contribute to realising Prime Minister Modi's vision of making GIFT City a truly global fintech hub.

Also read:
Amazon to Invest $15 Billion in India by 2030
L&T, DRDO ink deal for Scorpene submarines' AIP modules


The CEO of Alphabet and Google, Sundar Pichai, announced that the company would open its global fintech operation centre at GIFT City in Gujarat. Pichai made the announcement after meeting with Prime Minister Narendra Modi during his three-day state visit to the US. He stated that the company would continue to invest in India through its $10 billion digitisation fund. Pichai said that they were announcing the opening of their global fintech operations centre in GIFT City, Gujarat, and mentioned that it would solidify India's fintech leadership, thanks to UPI and Aadhaar. He expressed their intention to build upon that foundation and expand globally. Pichai acknowledged Prime Minister Modi's vision for Digital India, stating that it was ahead of its time and now seen as a blueprint that other countries are considering. The Ministry of External Affairs tweeted that Modi and Pichai interacted and discussed topics such as artificial intelligence, fintech, and promoting research and development. During their discussion, they also talked about potential collaboration between Google and academic institutions in India to foster research and skill development. Tapan Ray, MD & Group CEO of GIFT City, stated that Google's decision to establish its global fintech operations centre in GIFT City demonstrated India's growing significance in the fintech landscape. He described the strategic announcement made by Google's CEO as a win-win situation that would contribute to realising Prime Minister Modi's vision of making GIFT City a truly global fintech hub. Also read: Amazon to Invest $15 Billion in India by 2030L&T, DRDO ink deal for Scorpene submarines' AIP modules

Next Story
Infrastructure Transport

L&T-Alstom Partnership to Upgrade Mumbai Metro Line 4

Larsen & Toubro (L&T), in partnership with Alstom Transport, has secured a contract to supply essential systems for Mumbai Metro's 35.2 km Line-4 and Line-4A (Green Line), which will connect Wadala, Kasarvadavali, and Gaimukh. Identified as Package CA-234, the contract includes the supply of 39 six-coach trains, totalling 234 coaches, along with Communication-Based Train Control (CBTC) signalling and train control systems, telecommunications infrastructure, platform screen doors, and depot machinery for the Mogharpada Depot. This project comes after Alstom's previous withdrawal from a similar ..

Next Story
Infrastructure Energy

Jio-bp to Expand Retail Network and EV Charging Infrastructure

Jio-bp, a joint venture between Reliance Industries and global energy major bp, is focused on expanding its retail infrastructure and enhancing customer experience to strengthen its presence in the downstream energy market. The company plans to establish 100,000 electric vehicle (EV) charging stations over the next 10-12 years, aligning with the Indian government's efforts to boost EV charging infrastructure and achieve net zero targets. Additionally, Jio-bp intends to open 1,000 retail outlets to sell compressed biogas (CBG) produced by Reliance's CBG plants. Jio-bp has introduced 480 kW ..

Next Story
Infrastructure Energy

Kolkata Metro to Install Power Backup System on Underground Stretch

Kolkata Metro Railway is set to install a Battery Energy Storage System (BESS) at the Central Station substation to enhance commuter safety during power outages. This system will ensure uninterrupted operations on the 16 km underground Tollygunge-Dumdum stretch of the Blue Line corridor (Dakshineswar-New Garia), which spans 28 km. The BESS, comprising inverters and advanced chemistry cell (ACC) batteries, will enable trains to operate at 30 km/h during power cuts or grid failures, ensuring that passenger-filled coaches can safely reach the nearest station. This initiative aims to improve both..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?