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Cabinet apprised of India-Bangladesh agreement on IT ties

IANS  |  New Delhi 

The cabinet was on Wednesday apprised of a bilateral agreement that seeks closer ties between and in IT and electronics sectors and explores investment opportunities from that country.

The cabinet was briefed about the Memorandum of Understanding the two countries signed in April when Prime Minister Sheikh Hasina was on a visit to

The MoU focuses primarily on cooperation in e-Governance, m-Governance, e-Public services delivery, cyber security and capacity building.

"It aims to explore business opportunities, IT and electronics market in by Indian IT companies and attract investment in Indian electronics and IT sectors in which would indirectly generate employment opportunities," an official statement said.

The agreement will remain in force for a period of five years. Thereafter, it will be extended at any time within the period it remains in force by mutual written consent of the two sides. It can be terminated by either party after giving six-month prior notice in writing to the other.

--IANS

sar/bg

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

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