Odisha set to unveil India's first global FinTech hub in Bhubaneswar on August 21
The government had signed an MoU with Singapore-based Global Finance and Technology Network (GFTN) and Asian Institute of Digital Finance at National University of Singapore (NUS-AIDF) during the visit of the country's President Tharman Shanmugaratnam in January. The I-GFTCH will be inaugurated by Chief Minister Mohan Charan Majhi on August 21 after the selection of the first batch of students.
The first-of-its-kind FinTech capability centre will make over 7,000 graduates job-ready with professional training in FinTech and InsurTech domains in next five years.
Minister for Electronics and IT Mukesh Mahaling said with I-GFTCH, Odisha not only enters the FinTech race, it aims to set the pace. 'Odisha's financial services sector, now contributing around eight per cent to the state's gross state value added (GSVA), has been earmarked for rapid expansion under Vision Odisha 2036 and 2047. The state aims to boost the GSVA share to nearly 49 pc by 2047 by focusing on advanced banking, insurance, payments and emerging FinTech solutions,' he said.
As part of the initiative, I-GFTCH will offer a future-proof FinTech and InsurTech professional certification programme to job aspirants to be selected through an online test. This five-month hybrid course with online modules, on-campus sessions and internship placements has been designed for final year undergraduate and postgraduate students seeking to build a career in the financial sector.
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