Infibeam Signs MoU With Gujarat To Invest INR 2,000 Cr To Set Up AI Hub

Infibeam Signs MoU With Gujarat To Invest INR 2,000 Cr To Set Up AI Hub

SUMMARY

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

Infibeam plans to collaborate with 1,00,000 retailers to help them enhance operational efficiencies, improve security measures, and elevate the overall customer experience for retailers

Last year, the company announced that it would establish, what it claims to be, India’s first AI HUB at Gujarat International Finance Tec-City (GIFT City)

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. 

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 company said in a statement. 

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