Paytm Signs MoU With Madhya Pradesh Govt To Set Up A Back-End Center In The State

SUMMARY

The Company Plans To Invest About $3 Mn To Set Up The Center

Mobile commerce platform, Paytm, today signed an MoU with the Madhya Pradesh government to start a back-end center in Jabalpur (M.P.).

In presence of CM @ChouhanShivraj, State Govt. & @Paytm signed an MOU today to start a Back-end Center in Jabalpur. pic.twitter.com/lkvPJMVDrS

— CMO Madhya Pradesh (@CMMadhyaPradesh) January 23, 2016

As per the terms of the agreement, Paytm will invest about $3 Mn (INR 20 Cr) to set up this back-end center. The center is expected to start functioning by next year and will provide employment to almost 2000 people.

Shivraj Chouhan, tweeted:

“MP has investor friendly policies. Decision of @Paytm to start Back-end center in MP will give big boost to investment in IT sector.”: CM

— CMO Madhya Pradesh (@CMMadhyaPradesh) January 23, 2016

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