CM inaugurates Vizag Fintech Festival 2018
CM inaugurates Vizag Fintech Festival 2018

CM inaugurates Vizag Fintech Festival 2018

CM inaugurates Vizag Fintech Festival 2018

Tuesday, Oct 23, 2018
Chief Minister Chandrababu Naidu said that Visakhapatnam would be developed to become one of the top 3 cities in the world. Amaravati will be developed as a knowledge hub and Tirupati as a hardware and electronics hub.

“State government has been adopting integration of technology to improve delivery mechanism and increase the public satisfaction level,” he added. Stating that he is a strong believer in technology, the Chief Minister said that the internet of things will play a key role in the fourth industrial revolution.

“AP government has big data from all domains, providing a large scope for experimentation. Both the government and private sectors should work together for the advantage of the common man. We want to bring the best liveable standards in AP. All the leaders must encourage knowledge sharing for the common good of humanity,” said the Chief Minister addressing the gathering.

Industries play a key role in the growth of Andhra Pradesh. The Fintech project is one of the initiatives taken up by the government in 2016 which has attracted world-class companies in the last two years. Apart from this, AP has been implementing several IT devices like core data authority developed to maintain digital records and the e-Pragati platform.

AP has also been investing in startups. Being the best in Ease of Doing Business, Andhra Pradesh is making it easier for startups to do business in the State when compared to other States. The aim of creating a startup ecosystem is to encourage entrepreneurship among the youth by roping in existing young entrepreneurs. OYO is a major example.
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