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Cabinet approves signing of MoU between India and Bangladesh for promoting cooperation in field of Information Technology and Electronics

Capital Market 

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi was apprised about an Memorandum of Understanding (MoU) which has already been signed between and for promoting cooperation in the field of and Electronics (IT&E).

The MoU was signed in April, 2017 between Ministry of Electronics and Information Technology, of and Information and Communication Technology Division of It will remain in force for a period of five years. Thereafter, the MoU will be extended at any time within the period it remains in force by mutual written consent of the Parties. It can be terminated by either Party after giving six months' prior notice in writing to the other Party.

The MoU in the field of IT&E is technical in nature and focused primarily on e-Governance, m-Governance, e-Public Services Delivery, Cyber Security, Capacity Building etc. The MoU aims to explore business opportunities, IT&E market in by Indian IT companies and attract investment in Indian electronics and IT sectors in which would indirectly generate employment opportunities.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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