Kolkata to emerge as a financial centre of the world: McKinsey Global Institute report

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Kolkata to emerge as a financial centre of the world: McKinsey Global Institute report

Kolkata to emerge as a financial centre of the world: McKinsey Global Institute report

Kolkata is poised to emerge as one of the top Indian cities and one of the epicentres of global financial activities by 2030, according to a recent report by McKinsey Global Institute.

According to the report, by virtue of its relative proximity to Singapore and Hong Kong, Kolkata also stands a brighter chance of becoming a big IT hub. Asia is already fast breaking the dominance of Silicon Valley in USA.

The State Government too is leaving no stone unturned to project itself as one of the major players in the financial and IT sectors, and combining both,  in the fintech sector too. In fact, the city is evolving in such a manner that, in the near future, if someone is seriously involved in top-ticket financial activities, they cannot really overfly Kolkata.

The State Government has laid a special emphasis on developing a financial hub in Rajarhat-New Town where as many as 23 financial institutions, including several insurance companies, have taken plots. Seventeen acres have also been earmarked for a fintech hub in New Town.

Not only do all IT majors have big presence at Salt Lake Sector V and Rajarhat-New Town, the Bengal Government has come up with a centre of excellence on cyber security at New Town. The planned Innovation Hub at Bantala is also expected to be operational by the second half of 2019.

Harnessing technology in the best possible way tops the Bengal Government’s priorities.

About Post Author

Suman Munshi

Founder Editor of IBG NEWS (15/Mar/2012- 09/Aug/2018). Recipient of Udar Akash Rokeya Shakhawat Hossain Award 2018. National Geographic & Canon Wild Clicks 2011 jury and public poll winner. Studied Post Graduate Advance Dip in Computer Sc., MBA IT,LIMS (USA & Australia), GxP(USA & UK),BA (Sociology) Dip in Journalism (Ireland), Diploma in Vedic Astrology, Numerology, Palmistry, Vastu Shastra & Feng Sui 25 years in the digital & IT industry with Global MNCs' worked & traveled in USA, UK, Europe, Singapore, Australia, Bangladesh & many other countries. Education and Training advance management and R&D Technology from India, USA, UK, Australia. Over 30 Certification from Global leaders in R&D and Education. Computer Science Teacher, IT & LIMS expert with a wide fan following in his community. General Secretary West Bengal State Committee of All Indian Reporter’s Association
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