Hard-selling investment potential in Sunrise Andhra Pradesh, Chief Minister N. Chandrababu Naidu on Monday said the State would not only become a hub for new-age technologies but also the leading destination for investors in the world.
Inaugurating the two-day Blockchain Business Conference here, organised by Fintech Valley-Vizag, he said the government would offer a plethora of incentives to the investors and they could bank on him for marketing their products.
The conference attracted about 500 delegates, most of them specialising in fintech and blockchain, from 25 countries.
Earlier, the Chief Minister signed an MoU with Ashok Vemuri, CEO of Conduent, a New Jersey-based $6 billion multinational business process services company, for setting up a 5,000-seater facility in Visakhapatnam, the biggest post-bifurcation in the State. He also launched India Blockchain Forum and India Fintech Forum and accelerators by ICICI and Mahindra and a Centre of Excellence by Thomson Reuters at Gitam University in the city.
Mr. Naidu, who was very happy with the turnout at the conference, said the State was the first to implement governance on real-time basis by using new technologies.
The Chief Minister said blockchain was a digitised and decentralised public ledger of cryptocurrency of all transactions and records and added that A.P. had emerged as the first State in the country to use blockchain technology in land registry and road transport as a pilot project.
Expressing satisfaction over the overwhelming response to the first students blockchain conducted in the city by Fintech Valley-Vizag, he said it attracted 80 startups with 3,000 participants among which a startup from Guntur had already got funding support of ₹50 lakh by an investor.
He said they State would organise at least one hackathon every month devoted to a new technology and announced that a hackathon on agriculture would be conducted next month for which Bill Gates had been invited.
Mr. Naidu said “today, as part of the Fintech Valley-Vizag initiative, we have nine companies setting up their operations and 16 more have agreed to start their operations shortly.”
IT Minister Nara Lokesh said government had set up India’s largest use case-repository for global start-ups to test their solutions.
