|Lalith Ahuja's ANSR Consulting is setting up one of the largest financial technology facility at Visakhapatnam's Fintech Valley, involving around Rs. 1,000 crore of investment, promising 10,000 jobs over next six years. |
The Andhra Pradesh Cabinet has Tuesday evening cleared the proposal of ANSR and decided to allot 10 acres of land at the IT Special Economic Zone at Madhuravada in Visakhapatnam.
The decision of AP Cabinet comes a day after US-based business process services giant Conduent announcing to set up a large development centre at Visakhapatnam, promising at least 5,000 jobs and business software maker Zoho agreeing to set up its development centre Tirupati.
JA Chowdary, AP's IT Adviser and special chief secretary to AP chief minister N. Chandrababu Naidu, said ANSR is known for setting up technology facilities on a build, operate and transfer mode and the proposed investment would help boost the efforts of the government to evolve Visakhapatnam into global fintech hub.
The Bengaluru-based firm that runs Kyron accelerator would invest on promoting at least four global scale fintech startups at Visakhapatnam, he said.
Backed by Accel Partners and Infosys, the Bengaluru based consulting firm is a global leader for establishment and operation of global in-house centres (GICs) or captive centres.