Infibeam Signs MoU With Gujarat To Set Up AI Hub
This strategic collaboration with the Gujarat government is to facilitate the growth and adoption of AI technology among retailers in the country.
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Fintech startup Infibeam Avenues has inked a pact with the Gujarat government for an investment of up to INR 2,000 Cr ($240 Mn) by 2030 to establish an artificial intelligence (AI) hub for payments and platforms, with a focus on retailers.
Infibeam’s chairman and managing director Vishal Mehta said, “With this MoU, we aim to fortify our partnership with the Gujarat government, opening up avenues for growth for retailers across the country.”
As a part of the MoU, Infibeam will collaborate with the Gujarat government to facilitate the growth and adoption of AI technology among retailers in the country. The pact signifies long-term relations with the Gujarat government, where the latter will play a facilitative role, assisting the former in obtaining necessary permissions, registrations, approvals and clearances from relevant state and central government departments, in accordance with existing policies, rules and regulations.
