Odisha to Launch Global FinTech Hub to Develop Tech Talent
The Odisha government announced the launch of the Integrated Global Financial Technology Capability Hub (I-GFTCH) to position the state as a centre for excellence in digital finance. The initiative, in partnership with the Global Finance & Technology Network (GFTN), aims to equip over 7,000 students across Odisha with job-ready skills in AI, blockchain, and digital finance over the next five years. The collaboration, involving institutions like the National University of Singapore, aims to build a future-ready talent ecosystem.
Unpacked:
The Global Finance & Technology Network (GFTN) is a Singapore-headquartered organization focused on developing financial technology talent and innovation. In this initiative, GFTN partners with the Odisha government to set up the I-GFTCH, providing global expertise, curriculum, and international collaboration to build Odisha's fintech capabilities.
The National University of Singapore is involved to bring global academic excellence and advanced fintech training to Odisha. Through its Asian Institute of Digital Finance, NUS will offer certification programs in FinTech and InsurTech to Odisha-based students, helping to ensure international standards and recognition for trainees.
Training 7,000 students in AI, blockchain, and digital finance is expected to produce a skilled workforce ready for high-demand tech and finance jobs, attract investment, and foster startups. This can increase employment rates, contribute to the state’s GDP, and position Odisha as a leader in India’s digital economy.
Locating the I-GFTCH in Bhubaneswar positions the city as a central hub for fintech innovation in eastern India. It aligns with national objectives to promote regional tech development, leverages Bhubaneswar’s growing educational and IT infrastructure, and enhances the city’s status as a knowledge and innovation center.