You are here: Home » PTI Stories » National » News
Business Standard

Tech Mahindra, Bangladesh govt ink MoU to foster digital startup ecosystem

Technology Internet

Press Trust of India  |  New Delhi 

IT services firm Tech Mahindra on Friday said it has signed an agreement with 'Startup Bangladesh' to foster the growth of digital startup ecosystem in Bangladesh by providing guidance and mentoring to budding entrepreneurs.

The MoU was signed in presence of Bangladesh Prime Minister Sheikh Hasina and India's Railways and Commerce and Industry Minister Piyush Goyal.

As part of the comprehensive growth framework outlined within the MoU, Tech Mahindra will be assisting new-age technology startups in Bangladesh to leverage digital growth opportunities, a statement said.

These include technologies like artificial intelligence, 5G, big data, cybersecurity, blockchain, Internet of Things (IoT) and machine learning, it added.

Startup Bangladesh is an initiative by the Bangladesh government to create new opportunities, develop technical skills and help realise the vision of Digital Bangladesh.

As part of the MoU, Tech Mahindra will extend collaboration opportunities to innovators of Startup Bangladesh to engage with its research and development arm Makers Lab, which has global footprint including India, the US, Europe and Australia.

This collaboration will take up initiatives like Ideathons and Hackathons across educational institutions in Bangladesh.

"This will help generate awareness about digital technologies and inculcate a culture of innovative thinking. For selected tech startups, Tech Mahindra will provide support in leveraging its global expertise in solving problems in Bangladesh," the statement said.

CP Gurnani, MD and CEO of Tech Mahindra, said Bangladesh has demonstrated great commitment towards strengthening the digital growth agenda by making requisite investments in developing skills, new technologies and nurturing entrepreneurship.

"We are delighted to be partnering with Bangladesh in mentoring the local talent to capitalise on the huge growth potential the region has to offer," he said.

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

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, October 04 2019. 16:30 IST