{"id":7593,"date":"2025-08-24T09:37:04","date_gmt":"2025-08-24T09:37:04","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/08\/24\/digital-economy-in-india-bharatnetra-fintech-hub-launched-in-bhubaneswar-to-boost-financial-tech-business-news\/"},"modified":"2025-08-24T09:37:04","modified_gmt":"2025-08-24T09:37:04","slug":"digital-economy-in-india-bharatnetra-fintech-hub-launched-in-bhubaneswar-to-boost-financial-tech-business-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/24\/digital-economy-in-india-bharatnetra-fintech-hub-launched-in-bhubaneswar-to-boost-financial-tech-business-news\/","title":{"rendered":"Digital Economy In India: ‘BharatNetra’ Fintech Hub Launched In Bhubaneswar To Boost Financial Tech | Business News"},"content":{"rendered":"


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Odisha will play a central role in making India a global economic leader, says Chief Minister Mohan Charan Majhi.<\/h2>\n
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The hub has been launched by the Odisha government in collaboration with GFTN, National University of Singapore, and the Asian Institute of Digital Finance.<\/p>\n<\/figure>\n

Odisha Chief Minister Mohan Charan Majhi has launched an Integrated Global Financial Technology Capability Hub, called the BharatNetra Initiative, in Bhubaneswar. Describing it as a transformative step that will shape the future of finance in Odisha, Majhi said it would strengthen India\u2019s global leadership in the digital economy.<\/p>\n

\u201cOdisha will play a central role in making India a global economic leader,” he added.<\/p>\n

The hub has been launched by the Odisha government in collaboration with Global Finance & Technology Network Singapore (GFTN), the National University of Singapore, and the Asian Institute of Digital Finance, according to an official statement.<\/p>\n

Union Education Minister Dharmendra Pradhan, Odisha Electronics & IT Minister Mukesh Mahaling, and Global Finance & Technology Network (GFTN) CEO Sopnendu Mohanty were also present at the event.<\/p>\n

Speaking on the occasion, Majhi said the initiative would skill more than 7,000 students across all 30 districts of Odisha. It will run certification programmes designed by the Asian Institute of Digital Finance at the National University of Singapore.<\/p>\n

The chief minister said the collaboration had been forged during the historic visit of Singapore President Tharman Shanmugaratnam to Odisha in January this year.<\/p>\n

Majhi added that the state would nurture start-ups and entrepreneurs by establishing a dedicated Centre of Excellence within the hub. In addition, the project will also establish a Global Capability Centre (GCC), which will act as a strong foundation for attracting global financial institutions and new investments into Odisha.<\/p>\n

Highlighting efforts to improve digital infrastructure, Majhi announced that a cable landing station connecting Bhubaneswar to Singapore is being established.<\/p>\n

Noting that Odisha is the first state to formulate an AI Policy, he said preparations are underway to launch a dedicated FinTech Policy and GCC Policy to attract global investments.<\/p>\n

The CM further said that the initiative is aligned with the vision of the Prime Minister, who during his Independence Day speech this year had envisioned skilling three crore youth with an investment of \u20b91 lakh crore. \u201cOdisha is ready to contribute to this grand vision,” he remarked.<\/p>\n

Underscoring the state\u2019s talent pool, he said Odisha produces around 1.8 lakh graduates annually in engineering, polytechnics, and IT streams, along with skilled youth from 950 ITIs.<\/p>\n

Emphasising the importance of research, Majhi noted that in addition to skilling, Odisha has established a Deep Neural Network Laboratory and other Centres of Excellence. \u201cOur vision is to make Odisha the \u2018Research Capital of the East\u2019,” he underlined.<\/p>\n

He also thanked the Prime Minister for central government approval of two semiconductor fabrication units in Odisha. \u201cSemiconductors are the building blocks of the digital economy, and Odisha is proud to play a leadership role in this national mission,” he said.<\/p>\n

On the occasion, Majhi launched the BharatNetra Hackathon website, and a GCC+ overall programme was also announced.<\/p>\n

Union Education Minister Dharmendra Pradhan said Odisha\u2019s vision aligns with India\u2019s national priority of skilling youth for the global digital economy. \u201cThe BharatNetra Initiative will not only open pathways for employment and entrepreneurship but also strengthen India\u2019s leadership in financial inclusion and innovation,” he added.<\/p>\n

Odisha Minister for Electronics & IT, Dr Mukesh Mahaling, said the state is emerging as India\u2019s innovation frontier, outpacing national growth and securing over $23 billion in new investments this year. \u201cWith progressive IT and AI policies, we are creating an ecosystem where advanced infrastructure, world-class talent, and start-up energy converge,” he added.<\/p>\n

GFTN Group CEO Sopnendu Mohanty said: \u201cThe BharatNetra Initiative and the Integrated Global Financial Technology Capability Hub will redefine Odisha\u2019s role as India\u2019s strategic gateway to the Asia-Pacific financial technology corridor. This partnership with GFTN will empower talent, foster innovation, and connect Odisha to the world\u2019s most dynamic financial ecosystems.”<\/p>\n

It may be noted that the I-GFTCH in Odisha will focus on four pillars: Global Learning, Global Mindshare, Global Innovation, and Global Capability Hub \u2014 developed in partnership with Singapore-based GFTN.<\/p>\n

Over the next five years, the initiative will equip 7,000 students across the state with critical skills in technology, regulation, and business for careers in financial technology.<\/p>\n

The programme has already selected its first batch of 375 students from more than 3,800 applicants representing over 60 colleges across all districts of Odisha. The first batch is set to graduate by January 2026.<\/p>\n

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Mohammad Haris<\/a><\/p>\n

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

News<\/a> business<\/a> Digital Economy In India: ‘BharatNetra’ Fintech Hub Launched In Bhubaneswar To Boost Financial Tech<\/span><\/div>\n
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Last Updated:August 24, 2025, 14:24 IST Odisha will play a central role in making India a global economic leader, says Chief Minister Mohan Charan Majhi. The hub has been launched by the Odisha government in collaboration with GFTN, National University of Singapore, and the Asian Institute of Digital Finance. Odisha Chief Minister Mohan Charan Majhi…<\/p>\n","protected":false},"author":1,"featured_media":7594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-7593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/7593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=7593"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/7593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/7594"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=7593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=7593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=7593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}