Tamil Nadu Chief Minister MK Stalin on Saturday laid the foundation stone for the Fintech City and Fintech Tower projects in Chennai. This is being constructed adjacent to the Chennai Trade Centre.

• The Fintech City, spanning 56 acres with an investment potential of ?12,000 crore, will accommodate international and national BFSI institutions, fostering job creation for 80,000 individuals.  
• It will house international and national BFSI institutions. It will also have commercial, residential and social sustains with multimodal connectivity. 
• The Fintech Tower set up at a cost of ?254 crore has an investment potential of ?1,000 crore and jobs for nearly 7,000 persons. It will have a built-up area of 5.6 lakh sq ft with an auditorium to accommodate 250 persons.
• The FinTech city will supplement the efforts of FinBlue, a FinTech Centre of Excellence hosted at STPI, Chennai, which identifies, nurtures, funds and scales FinTech start-ups.
• The State government had contributed ?5.75 crore for the centre.