Bengaluru, Dec 3 (UNI) Seeking to amplify Karnataka’s position in the emerging Fintech industry, Karnataka Industries Minister Murugesh Nirani on Friday invited Fintech companies to invest in the state and promised to provide all possible assistance.

Addressing the 52nd Indian Valuers Congress on the topic of “Transforming the Valuation Ecosystem” here, Nirani said Fintech is a big emerging industry for Karnataka.

“Building a strong financial industrial ecosystem across districts in Karnataka is a priority for us. Our state is home to India’s most popular financial tech companies. Our strong entrepreneurial ecosystem has enabled young professionals to become employers and explore various sectors. We want the people to explore entrepreneurial opportunities that the state has to offer and be employers and create employment in the state,” Nirani said.

Praising the efforts of valuers such as Institute of Valuers (IOV) in overall economic development, the minister said valuers are playing a major role in the future of the state’s financial growth.

“Karnataka’s Industrial Policy 2020-2025 has recognised the finance sector to be one of the focus sectors. Our reforms and initiatives are all aimed at preparing Karnataka for the 21st century. Our ambition is to establish Karnataka as a leader in infrastructure and emerging industries,” Nirani stated.

Underscoring the importance of the Fintech industry, Prime Minister Narendra Modi said it was time to convert fintech initiatives into a fintech revolution which can help achieve financial empowerment of every single citizen of the country. The Prime Minister added that the transformational initiatives under Digital India paved the way for innovative Fintech solutions in governance.

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