FinTech Hub, Kolkata – At a Glance A 70-acre banking, financial and legal services a modern FinTech скачать в хорошем качестве

FinTech Hub, Kolkata – At a Glance A 70-acre banking, financial and legal services a modern FinTech

FinTech Hub, Kolkata – At a Glance A 70-acre business district dedicated to banking, financial institutions, and legal services—originally conceived in 2010 as an International Financial Hub, and relaunched in 2017 as a modern FinTech . Operated by the West Bengal Housing Infrastructure Development Corporation (WBHIDCO), as part of New Town’s Central Business District (CBD) . 🏢 Institutional Presence & Participants As of 2022, 28 financial and legal institutions have set up offices or training centers within the hub, including: Bandhan Bank (HQ) State Bank of India (largest training center in the region) UCO Bank, Punjab National Bank National Insurance Company Others: HDFC Bank, Canara Bank, Union Bank, Shriram Credit, New India Assurance, West Bengal Financial Corporation, and more ambujaneotia.com . Major banks like HDFC Bank recently received an additional 3.8 acres land allotment for expanding their regional presence in the FinTech Hub area . 🧩 Infrastructure & Development Plans The project features plug-and-play plots for fintech startups alongside established institutions, with FAR (Floor Area Ratio) relaxation up to 6.0 to enable dense development in vertical mixed-use towers A proposed "Vertical City" is planned inside the hub—a high-rise complex to house fintech startups, offices, and services integrated within a modern ecosystem . 🔍 FinTech Ecosystem & Focus Areas Developed to enable clustering of fintech activity, the hub fosters innovation in: Integrated Digital Banking Digital Payments & Cybersecurity Robo-Advisory & AI-driven financial services Blockchain, AI/ML, Robotic Process Automation (RPA) Alternative Lending (P2P, crowdfunding) The Times of India The proximity of legacy banks, training centers, and regulatory/legal institutions creates a synergistic environment for fintech ventures to collaborate and scale. 🚉 Location & Connectivity Located within New Town’s CBD, situated between Action Areas I & II, along major corridors like Biswa Bangla Sarani. Served by the upcoming Orange Line (Kolkata Metro), with strong road access, green infrastructure, reliable utilities (power, Wi‑Fi), and secure campus-like operations Part of the broader New Town ecosystem, which includes IT parks, residential zones, retail malls, universities, clinics, and convention centers—all within a 15-minute radius on well-planned urban infrastructure . 📈 Scale & Investment Highlights The hub began with ~10 acres and reached up to 70 acres by 2021, with 48 acres already allotted by September 2021 . As of 2022, 28 institutions were active on-site or in advanced stages of development . Larger ecosystem developments—such as the 250-acre Bengal Silicon Valley Tech Hub nearby—are expected to add ~100,000 technology jobs, enhancing fintech‑IT interaction and innovation Elets eGov. ✅ Summary Table Feature Details Size ~70 acres (with 48 acres allocated as of 2021) Developer WBHIDCO / New Town Kolkata Development Authority Stakeholders 28 institutions (banks, insurance, legal firms) Key Institutions SBI, Bandhan Bank, HDFC Bank, Canara Bank, UCO Bank, NIC, West Bengal Financial Corporation, etc. Focused Area FinTech innovation: digital banking, payments, blockchain, AI, lending Infrastructure High FAR, vertical development, secure campus, fiber, metro, CBD connectivity Adjacent Projects Bengal Silicon Valley Tech Hub, ecosystems for IT & finance synergy