Latest News | Infibeam Avenues to Invest Rs 2,000 Cr in Gujarat by 2030

New Delhi, Jan 9 (PTI) Fintech firm Infibeam Avenues on Tuesday said it has inked a pact with the Gujarat government to invest Rs 2,000 crore in the state by 2030.

The company announced the investment plan on the sidelines of the 10th edition of the Vibrant Gujarat Global Summit (VGGS) 2024.

Also Read | Kerala SET January 2024 Exam Admit Card: Hall Ticket for State Eligibility Test Examination Released at lbsedp.lbscentre.in, Know How To Download.

Infibeam said the proposed investment will go into its artificial intelligence (AI) hub for developing technology for payments and platforms specifically tailored for retailers.

"With this MoU, we aim to fortify our partnership with the Gujarat government, opening up avenues for growth for retailers across the country," Infibeam Avenues Chairman and Managing Director Vishal Mehta said in a statement.

Also Read | IIT JAM 2024 Exam: Admit Card for Joint Admission Test Examination To Be Released Soon at jam.iitm.ac.in, Know How To Download.

Infibeam Avenues has named its AI-Hub located at GIFT city, Gandhinagar, as 'Phronetic.ai.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)