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Google India has secured office space in the Fintech One tower at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, Gujarat. The tower is owned by Blackstone Group's Nucleus Office Parks. The long-term lease spans a decade, with an initial five-year term and an option to extend for an additional five years.
During a virtual interaction, Prime Minister Narendra Modi applauded Google's move to establish its global fintech centre at GIFT City. Sundar Pichai, Google and Alphabet's CEO, briefed Modi on Google’s plans to enhance financial inclusion in India by leveraging Unified Payments Interface (UPI). Expressing gratitude on social media, Pichai thanked Prime Minister Modi for a "terrific" meeting emphasizing Google's ongoing commitment to India.
Fintech One, a 20-storey commercial office tower, with a typical floor spanning over 22,000 sq ft, is the chosen location for Google's fintech centre. Global entities, including IBM, have already secured offices in this tower, with IBM's three-floor office being operational. Other companies have started their fit out work.
Google India, part of the larger tech giant, currently operates five offices in India, including headquarters in Hyderabad, and additional offices in Bengaluru, Mumbai, Gurgaon, and Pune. The recently added Pune office, covering 1 lakh sq ft in a Mundhwa co-working centre, contributes to Google's expanding office portfolio. Google is also building its largest campus outside the United States in Hyderabad. This move aligns with Google's strategic focus on the Indian market and its endeavours to contribute to the nation's technological and economic growth.
The leasing of office space at GIFT City underscores Google's proactive approach in establishing a robust presence in key Indian cities. The fintech centre, anchored in the heart of India's fintech hub, signifies Google's intent to play a pivotal role in shaping the future of fintech services in India, fostering innovation and economic growth.
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