Yeida to rename fintech hub as International Finance Centre
GREATER NOIDA, Aug. 30 -- The Yamuna Expressway Industrial Development Authority (YEIDA) on Friday said it is likely to rename its Fintech Hub project in Sector 11 as the International Finance Centre, saying the new name defines the project better.
It plans to discuss the proposed name in its board meeting scheduled on September 6, 2025, said officials.
The Yeida has appointed the consultant Cushman & Wakefield to make a detailed project report (DPR) and suggest sustainable development model to expedite on-ground work.
"Initially,the name was decided as Fintech City. However, the new name better represents the project's vision of becoming a hub for institutions involved in financial business. This project will become a major hub of North India once developed," said RK Singh, chief executive officer of the Yamuna expressway industrial development authority.
The Yeida will discuss the concept with international companies, consultant and other stakeholders in Delhi. In 2022, the Yeida decided to develop Fintech City on the lines of GIFT City located in Gujrat.
A team will be sent to study the Gujarat model so that they can adopt the best practices, added officials.
The project will also get the benefits from the state government's foreign direct investment policy, including land subsidies for companies with 100% investment and companies will also receive research and development funds for five years, added officials....
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