Maharashtra will become a trillion-dollar country thanks to Fintech: Dy CM Fadnavis

Devendra Fadnavis pointed out that the country’s financial capital was the first to adopt a fintech strategy and is open to changing it to attract more fintech startups.

Devendra Fadnavis (Deputy Chief Minister of Maharashtra) has declared Maharashtra the fintech and start-up capital of the country. At the Global Fintech Festival in Mumbai, Devendra Fadnavis stated that Fintech will be a driving force in the state’s economy. He also said that it would contribute to the country’s growth in the future.

GFF III is a four-day event organized and presented by the Department of Economic Affairs and Ministry of Finance.

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Fadnavis spoke out about the fintech innovation taking place in the capital. We created the entire ecosystem, including smart centers, a Fintech Registry, a Fintech API Sandbox, and a 100 crore fund. This fund has attracted over 500 companies to this setup, as well as indirect investments of more than Rs 9000 crores.

He also stated that the state was open to amending its fintech policy in order to attract more fintech startups, which will allow the state to become a trillion-dollar economic powerhouse.

According to the IIFL Wealth Hurun Indian Rich List 2022, Mumbai also has 283 of the richest Indians, including Mukesh Ambani (and his family).

Mumbai is followed closely by Delhi (185), Bengaluru (89) Hyderabad (64), Chennai (64) and Ahmedabad (45). According to the IIFL-Hurun, Gautam Adani was India’s richest person with a wealth of Rs 10,94,000.400 crore.

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