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India and Estonia can do a lot in blockchain technology

Fiinews by Fiinews
May 12, 2021
in Investment, Technology
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Embassy of Estonia

Ambassador Katrin Kivi.

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Envoy highlights Estonia’s digital technologies

India and Estonia together can do a lot even though Estonia is a small country as compared to India but the country is well-known for its efficient e-governance and the use of blockchain technology, said the Estonian Ambassador Katrin Kivi.

“A big example is our online voting system. We have been voting online since 2005 and we are world leaders in cybersecurity. Almost all public services are available online, be it filing taxes, registering childbirth, extending your driver’s license, etc,” she said at the virtual event ‘PHDCCI International Week’ organised by The International Affairs and Trade Fairs Committee.

Estonia has several companies that work on digital technologies in the field of cybersecurity, e-governance, artificial intelligence, financial technology, health technology and education technology.

“It is pertinent to mention that the country’s private sector is digitally advanced too. Some of the Estonian companies working in the technology sector have already found their path to India and are productively working here with their Indian partners,” said Amb. Katrin Kivi.

There are more than 3,000 Estonian e-residents from India, and they have established more than 500 companies in Estonia.

“We have several examples, but one great example is Indian businessman Mukesh Ambani who is an Estonian e-resident, and he has set up a Jio research centre in our country. Another example from the India IT industry is ‘Tata Consultancy Service’ which is also enlarging its presence there,” Amb. Katrin Kivi pointed out.

Estonian export to India has grown 45.5% in the last year and given the ambitions strengths of both India and Estonia, added Peeter Raudsepp, Chairman of the Board Enterprise Estonia.

“We believe that there is potential for increased partnership and bilateral success. Enterprise Estonia or EAS, is a national foundation that aims to develop the Estonian economy through three principal areas of activity, developing Estonian enterprises and boosting export capacity as well as increasing tourism,” he told the PHDCCI International Week.

Estonia has a busy, supportive and open startup ecosystem eager to support ambitious individuals and startups. The sector is witnessing a robust growth of 30% over the recent years creating high skilled jobs with a turnover growth of 43% in 2020, informed Raudsepp.

The envoy and Raudsepp want to create more awareness about their country’s respective ecosystems so that here in India, the country’s smart and very professionally executed solutions are known.

“For Estonian companies, it is also important to know more about the immense opportunities in India,” they said in a release on 12 May 2021. #technology #AI #blockchain /fiinews.com

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