Development
Cabinet sanctions Rs 408.81 crore to acquire land for a Fin Tech City at Fatuha
On 26 August 2025 the Bihar cabinet approved a 'Fin Tech City' next to the Multi Modal Logistic Park at Fatuha, to be developed on the lines of Gujarat's GIFT City, and sanctioned Rs 408.81 crore to acquire 242 acres through the Infrastructure Development Authority, Patna. The same meeting approved the Bihar Industrial Investment Promotion Package 2025.
- Stage
- Announcement only
- Confidence
- High
- Latest news
- Sources
- 1 cited
Journey so far
The highlighted step is the current stage. Not every development passes through every step.
- Announcement only (current stage)
- Agreement approved
- Agreement finalised
- Programme or pilot initiated
- Operational
- Outcome verified
Good to know: A cabinet sanction for land acquisition. Sanctioned money is not spend, and no acquisition or tenant has been reported.
What's confirmed
3 facts backed by sources
- The cabinet approved a Fin Tech City adjacent to the Multi Modal Logistic Park at Fatuha on 26 August 2025.
- Rs 408.81 crore was sanctioned to acquire 242 acres, to be carried out by IDA Patna.
- The chief secretary said it would be developed on the lines of GIFT City.
Still to be confirmed
3 things to watch for
- Land actually acquired.
- Any developer, tenant or financial-services firm committed to the site.
- Whether this is the same project as the 'mega tech city or Fintech city' referred to a high-level committee by the cabinet in November 2025.
How it unfolded (1)
Each step as a dated source records it, oldest first
- Announcement
The cabinet approved the Fin Tech City and sanctioned Rs 408.81 crore for land acquisition.
The Hindu
Sources (1)
Who reported it, when, and what they cover
| Publisher | Published | Covers | Link |
|---|---|---|---|
The Hindu Established news |
| Open source (opens in a new tab) |
Record ID: BIHAR-TECH-2025-08-001Dataset last checked Spotted an error? Report a correctionHow corrections work