YEIDA Pushes Timeline For Fintech Hub Near Noida Airport

Lucknow, Apr 17 (KNN) The Yamuna Expressway Industrial Development Authority (YEIDA) has extended the deadline for submission of applications for its proposed Financial City project to April 29, officials said on Thursday.
 
The authority had earlier invited expressions of interest (EOI) for the project on March 1, with the original deadline set for April 2. The opening of technical bids has also been rescheduled from April 6 to May 1.
 
500 acre fintech hub near Noida airport
 
The project involves the development of a 500-acre financial technology hub in Sector 11, near the Noida International Airport, aimed at creating a world-class financial ecosystem.
 
According to YEIDA officials, the deadline has been extended in view of the upcoming Money Alpha 360 financial summit scheduled for April 24–25 at the India Expo Centre and Mart in Greater Noida. The event is expected to attract a large number of investors, financial institutions, fintech firms and industry stakeholders.
 
The proposed Financial City is envisaged as a major hub for financial and technology-driven services, including transaction processing, IT and digital services, and customer support operations.
 
Officials said the project will provide opportunities for financial institutions to establish offices and expand operations in the region once developed.
 
Infrastructure, startups and fintech growth focus
 
As per the EOI, developers will also be permitted to build supporting infrastructure such as corporate offices, conference facilities, auditoriums, cultural centres, kiosks and health clubs.
 
The hub is expected to promote the growth of IT and IT-enabled services (ITeS), along with startups and enterprises engaged in digital banking, app-based lending, electronic payment systems, insurance technology and international financial services.
 
YEIDA said the project is aimed at positioning the region as a key fintech destination, leveraging its proximity to the upcoming international airport and improving connectivity.
 
(KNN Bureau)