Online payment services provider Paytm will open a back-end centre costing about Rs20 crore in Jabalpur. In the presence of Chief Minister Shivraj Singh Chouhan, an MoU was signed between the State Government and Paytm on Saturday.
On behalf of the State Government, the State Electronics Development Corporation (MPSEDC) MD, M Selvendran, and Paytm founder Vijay Shekhar signed the MoU.
The Chief Minister said that this investment by PayTM will accelerate the pace of investment in IT sector in the State. Vijay Shekher said that this centre of Paytm will provide jobs to about 2,000 persons. The centre will be operational next year.
The decision would promote IT and ITeS in Madhya Pradesh and also create direct employment opportunity.
The State Government, as a part of the MoU, has given the company a lease of 100,000 sq ft land to build the office space. The announcement will bring forth job creation and direct employment opportunity for over 2,000 associates.
Vijay Shekher expressed gratitude to the State Government and Vivek Tankha who helped the company in building this centre. There lies a lot of potential for IT and ITeS in the State given the academic and infrastructural facilities that MP possesses.
"With this announcement and the project coming to life, we foresee significant development in this sector here. Tankha's understanding of the area and mentoring made us take Jabalpur as the starting hub after our metro city offices in India," Shekhar added.
