Chief minister laid the foundation stone for the development of Fintech City and Fintech Tower in Nandambakkam.
The Fintech city is expected to attract investments to the tune of 12,000 crore and create employment opportunities to 80,000 people.
A Fintech wing has been set up in the Guidance Bureau and a Fintech governing council led by the industries minister has been constituted by the government.
The government provided incentives to firms investing more than 50 crores.
TN already released a special policy called Tamil Nadu FinTech Policy 2021 to make Tamil Nadu a global hub for FinTech companies by 2025.