Summary:
In this context, any attempts to turn this into a financial hub will prove disastrous in all aspects. Recently, chief minister N Chandrababu Naidu announced that the Port City will be developed into a Fintech (financial technology) hub. While officials say it will take at least three years to transform Vizag into a Fintech hub, it may take longer to get good results. The state government has always said it has plans to transform Vizag into a smart city as well as an educational hub. If Vizag has to transform into a Fintech hub, the people need to cooperate with the government departments and ensure that the firms are able to recruit youth from the district..