On June 17, 2023, Tamil Nadu Chief Minister M K Stalin initiated the establishment of a Fintech City and a Fintech Tower, which together are expected to generate approximately 90,000 employment opportunities.
The Fintech City spread over 56 Acres in Nandambakkam, will feature state-of-the-art infrastructure tailored to suit multinational and domestic firms. This endeavor is anticipated to attract investments worth INR 12,000 crore in the Fintech sector. The proposed Fintech Tower, covering an area of 5.6 Lakh-SqFt, will require an investment of INR 1,000 crore and result in the creation of 7,000 jobs.
The establishment of the Fintech City is estimated to cost INR 116 crore, while the construction of the Fintech Tower is projected to require INR 254 crore.
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