Google chooses GIFT City for Global Fintech Hub expansion

19 Oct 2023 CW Team

Under a long-term lease agreement spanning 10 years, with an initial term of five years and the option for a five-year extension, Google India, the company's Indian arm, has acquired office space from Nucleus Office Parks. This significant development was welcomed by Prime Minister Narendra Modi during a virtual meeting. Sundar Pichai, CEO of Google and Alphabet, informed Modi about Google's commitment to enhancing financial inclusion in India, particularly by leveraging UPI (Unified Payments Interface).

Expressing gratitude for the fruitful meeting, Pichai thanked Prime Minister Modi through a social media post for the opportunity to discuss Google's ongoing dedication to India. Despite reaching out to Google, Blackstone, and Nucleus Office Parks via email, ET's queries remained unanswered at the time of publishing this news.

Fintech One, a 20-storey commercial office tower, offers expansive office spaces, with each floor covering approximately 22,000 sq ft. Several global organisations, including IBM, have chosen this tower for their offices. IBM's three-floor office in the tower is already operational, and other companies have commenced their fit-out work.

Presently, Google operates five offices across India, including its headquarters in Hyderabad, as well as offices in Bengaluru, Mumbai, Gurgaon, and Pune. Notably, the Pune office, occupying 1 lakh sq ft in a Mundhwa-based co-working centre, is the latest addition to Google's office portfolio.

Furthermore, Google is in the process of constructing its largest campus outside of the United States, located in Hyderabad.

Google Inc, the tech giant, has secured an entire floor in the Fintech One commercial tower, owned by Blackstone Group's Nucleus Office Parks, situated in the Gujarat International Finance Tec-City (GIFT) in Gandhinagar. This move is part of Google's initiative to establish its global fintech center in India. Under a long-term lease agreement spanning 10 years, with an initial term of five years and the option for a five-year extension, Google India, the company's Indian arm, has acquired office space from Nucleus Office Parks. This significant development was welcomed by Prime Minister Narendra Modi during a virtual meeting. Sundar Pichai, CEO of Google and Alphabet, informed Modi about Google's commitment to enhancing financial inclusion in India, particularly by leveraging UPI (Unified Payments Interface). Expressing gratitude for the fruitful meeting, Pichai thanked Prime Minister Modi through a social media post for the opportunity to discuss Google's ongoing dedication to India. Despite reaching out to Google, Blackstone, and Nucleus Office Parks via email, ET's queries remained unanswered at the time of publishing this news. Fintech One, a 20-storey commercial office tower, offers expansive office spaces, with each floor covering approximately 22,000 sq ft. Several global organisations, including IBM, have chosen this tower for their offices. IBM's three-floor office in the tower is already operational, and other companies have commenced their fit-out work. Presently, Google operates five offices across India, including its headquarters in Hyderabad, as well as offices in Bengaluru, Mumbai, Gurgaon, and Pune. Notably, the Pune office, occupying 1 lakh sq ft in a Mundhwa-based co-working centre, is the latest addition to Google's office portfolio. Furthermore, Google is in the process of constructing its largest campus outside of the United States, located in Hyderabad.

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