Prime Minister Modi Welcomes Google’s Fintech Center in Gandhinagar

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    In a noteworthy development in the realm of technology and finance, Google Inc.’s Indian subsidiary, Google India, has taken a strategic step by acquiring office space in Blackstone Group’s Nucleus Office Parks’ commercial tower, Fintech One, situated within the Gujarat International Finance Tec-City (GIFT) in Gandhinagar. This move reflects a substantial investment in India’s financial landscape, as Google sets its sights on establishing a global fintech center.

    Google India has entered into a significant lease agreement, extending over a decade, encompassing an initial term of five years with an option for a subsequent five-year extension. This commitment underscores Google’s strong belief in the potential of the Indian market and its aspiration to play a pivotal role in the country’s burgeoning fintech sector.

    During a virtual interaction, Prime Minister Narendra Modi extended a warm welcome to Google, acknowledging the company’s plans to establish its global fintech operations center at GIFT City. Sundar Pichai, the CEO of Google and Alphabet, engaged in discussions with Modi, outlining Google’s intentions to contribute to financial inclusion in India through the utilization of the Unified Payments Interface (UPI).

    Sundar Pichai expressed his gratitude to Prime Minister Modi for the productive meeting through a social media post following the interaction. This meeting highlighted Google’s enduring commitment to India and its mission to empower the nation’s financial ecosystem.

    At the time of writing, queries directed to Google, Blackstone, and Nucleus Office Parks remained unanswered, adding an element of intrigue to this significant development.

    Fintech One, the chosen location for Google’s new office space, is a 20-story commercial tower, with Google set to occupy an entire floor. Each floor boasts an expansive area of approximately 22,000 square feet. Notably, Fintech One has already attracted global entities, with IBM being one of the early occupants. IBM’s office, spanning three floors, is already operational, and several other companies have begun their fit-out work.

    Google’s decision to establish a fintech center at GIFT City underscores its commitment to expanding its footprint in India. The company already maintains five offices across the country, including its country headquarters in Hyderabad, along with additional offices in Bengaluru, Mumbai, Gurgaon, and Pune. The latest addition to Google’s office portfolio is the Pune office, located in Mundhwa, spreading across 1 lakh square feet in a co-working center. Furthermore, Google is in the process of constructing its largest campus outside the United States in Hyderabad.

    In conclusion, Google’s strategic move to secure office space in Blackstone’s GIFT City tower is a significant step toward enhancing its presence in India’s fintech sector. The long-term lease commitment, coupled with Prime Minister Modi’s endorsement, signifies Google’s dedication to contributing to India’s financial inclusion and fostering innovation within the country.

    Also Read: PM Modi to Inaugurate RapidX, Transforming Delhi-Ghaziabad-Meerut Commute

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