Hyderabad, Telangana
Members of the North Hyderabad Development Forum and Medchal Metro Sadhana Samithi have taken a proactive step towards addressing the neglect faced by the northern part of the city. On Tuesday, they submitted a representation to Telangana Chief Minister Revanth Reddy, urging him to allocate land for the development of a FinTech City in North Hyderabad area.
Highlighting the stark contrast in development between the thriving western part of the city and the underserved north, the representatives emphasized the need for equal opportunities and infrastructure. While areas like Hitech City, Gachibowli, and Madhapur flourish, the northern part remains lagging behind.
Inspired by successful models like Silicon Valley and Gujarat’s GIFT City, the proposal suggests transforming the northern part of Hyderabad into a Financial Technology City (FinTech City). This initiative aims to foster breakthroughs, cutting-edge technology, and a bustling business ecosystem.
“We have submitted a presentation to the State government, urging them to allocate land and invest in critical basic infrastructure for the FinTech City initiative,” stated a member of the North Hyderabad Development Forum. “This visionary step will attract investments, drive economic growth, and position North Hyderabad as a global innovation and financial powerhouse.”