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Infibeam Avenues has inked a Memorandum of Understanding (MoU) with the Gujarat Government, with a proposed investment of Rs 2,000 crore by the financial year 2030 (FY30). The company aims to develop its Artificial Intelligence (AI) Hub for developing AI technology for payments and platforms aimed at servicing retailers. The MoU will help the company in obtaining necessary permissions, registrations, approvals, and clearances from state and central government departments.
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