"Paytm to Invest Rs 1 Bn in Gift City to Build Global Payments System"

12 Jan 2024 CW Team

Paytm, a prominent player in the Indian financial services sector, has revealed plans to invest Rs 1 billion in Gujarat International Finance Tec-City (GIFT City) with the goal of constructing a global payments system. This strategic investment underscores Paytm's commitment to expanding its financial services offerings and actively participating in the development of GIFT City as a significant financial hub.

The substantial investment signals Paytm's intent to play a key role in shaping the financial ecosystem within GIFT City, a designated financial and technology hub in Gujarat. The development of a global payments system aligns with Paytm's vision to enhance its capabilities and extend its reach in the financial services domain.

GIFT City, known for its business-friendly environment and infrastructure, offers an attractive landscape for companies looking to establish a strong presence in the financial sector. Paytm's decision to invest in developing a global payments system within GIFT City positions the company strategically to cater to both domestic and international financial markets.

The investment is expected to fuel the development of advanced payment solutions and services, contributing to the overall growth and sophistication of GIFT City. Paytm's proactive approach in making significant investments reflects its confidence in the potential of GIFT City as a financial powerhouse.

As Paytm continues to diversify and expand its financial offerings, the investment in GIFT City reinforces its commitment to innovation and collaboration within the evolving financial landscape of India. This move is likely to have ripple effects, fostering increased economic activity and reinforcing GIFT City's position as a hub for financial excellence.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..