Inaugurating the second edition of Vizag Fintech Festival 2018, Andhra Pradesh Chief Minister Nara Chadrababu Naidu claimed that in the next couple of years the newly- formed State would generate 50,000 jobs in the financial sector.
Already investment worth Rs 500 crore have been committed by various fintech firms in the State, said the Chief Minister, adding that his Government want to promote Vizag as the fintech hub of India and aiming to make the country’s cleanest city as one of the top 3-4 fintech destinations in the world in the next two years.
‘‘We want to use technology to make the state corruption free with the target of giving ‘visible governance and invisible government’. Proper leadership can bring everything. The state has seen 10.5 per cent growth rate in the past four years but we are not satisfy, we are targeting 15 per cent growth rate and it is possible,’’ said Naidu.
Stressing the need of providing leadership for transform took note of the postponement of robot Sophia's interaction at the second edition of Vizag Fintech festival 2018 here on Tuesday, he said that when the robot is ready but the one who operates it failed, tells us that technology how advanced it can’t succeed if the human behind it fails to operate it.
He further said that Andhra Pradesh government is mulling to bring in a series policies on threshold technologies to promote activities around fintech area. During the function around ten organizations entered into MoUs with the state government including Cardlytics, Federal bank, Deloitte and Fintech Association to promote financial technologies in the state. The event, aimed at creating conducive environment for fintech companies to set up their centres at the proposed fintech valley here.
‘‘Nearly 30 per cent of the total cell-phones manufactured in India were being produced in Tirupati, Nellur and Chennai. We want to promote these area as Silicon Valley of India where hardware and electronic item would be manufacture to cater the need of the globe,’’ he said adding that his government would develop 175 MSME parks across Andhra Pradesh with a vision that at least one person in every family should be digitally literate and one with entrepreneurial skill.