Hyderabad: The Telangana government is working to develop Hyderabad into an international hub for fintech and global financial services, IT and Industries Minister D Sridhar Babu said on Saturday.
Inaugurating the Hyderabad office of Singapore-based Artha Fintech at HITEC City, Sridhar Babu said the government was strengthening the state's industrial and technology ecosystem to attract global companies and facilitate the expansion of their operations in the city.
He said the government was focusing on developing world-class digital infrastructure, promoting research and development in advanced technologies and building a skilled workforce to meet the requirements of the financial services industry.
The minister said Hyderabad, which had established itself as a major global destination for IT and IT-enabled services, was seeking to build on its technology base to expand into fintech, digital banking and global financial services.
Under the Telangana Rising–2047 vision, the government was working to make the state a preferred destination for global investment, innovation and emerging technologies. The initiatives were aimed at strengthening Hyderabad's position in the international financial services sector, he said.