Fintech District: Karnataka Seeks Support to Set Up Fintech District | Bengaluru News

Bengaluru: Forward of the Union Funds 2024, Karnataka govt on Friday made a powerful pitch for establishing a devoted central enterprise district (CBD) within the state, just like Gujarat’s GIFT (Gujarat Worldwide Finance Tech) Metropolis in Ahmedabad.Drawing the eye of the Centre to those tasks, Karnataka IT & BT minister Priyank Kharge met Union finance minister, Nirmala Sitharaman and sought her cooperation. Kharge stated, “It will act as a worldwide fintech and IT hub, consisting of a conducive multi-service SEZ and an unique home tariff space (DTA). The state is strategically positioned and is well-positioned to duplicate what has been arrange in Ahmedabad.” He additional stated {that a} GIFT metropolis in Karnataka will finally increase the financial development and, create quite a few employment alternatives and entice international funding. Later, Kharge met Union minister for electronics & IT, Ashwini Vaishnav and mentioned elevated fiscal assist for electronics and semiconductors corporations in Karnataka. Kharge additionally outlined the state’s efforts to give you industrial areas for electronics and semiconductor manufacturing, together with its supply-chain ancillaries. “Some dawn areas of this cluster are Mysuru, Hubballi-Dharwad, Chikkaballapur. Areas close to Bengaluru could be developed as cell phone meeting and EV manufacturing clusters. Additional, we’re growing two land parcels — Kochanahalli industrial space in Mysuru district and, Kotur-Belur industrial space in Dharwad district – for a cluster below Modified Electronics Manufacturing Cluster (EMC 2.0) scheme, together with two extra EMCs round Bengaluru. These require fastrack approval as traders are awaiting closing land allotment,” he stated.

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