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Exports: Cabinet approves India-Oman IT MoU

Fiinews by Fiinews
January 26, 2024
in Exports
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MeitY collaborating with countries for cooperation in ICT domain

The Cabinet has approved signing of a Memorandum of Understanding (MoU) between India and Oman on cooperation in the field of Information Technology.

The MoU was signed on 15 Dec 2023 between the Ministry of Electronics and Information Technology and Oman’s Ministry of Transport, Communications and Information Technology for cooperation in the field of Information Technology.

The MoU intends to promote comprehensive cooperation between the Parties through mutual support, sharing of technologies, information and investments in the field of Information Technology.

The MoU shall come into effect from the date of signature of the Parties and shall be remain in force for a period of 3 years.

Both G2G and B2B bilateral Cooperation in the field of Information Technology will be enhanced, the Cabinet said on 24 Jan 2024.

MoU envisages improved collaboration leading to employment opportunities in the field of IT.

MeitY has been mandated to promote international cooperation in emerging and frontier areas of Information and Communications Technology (ICT) under bilateral and regional frameworks of cooperation.

MeitY is collaborating with a number of countries and multilateral agencies for fostering bilateral and multilateral cooperation in the ICT domain.

Over the period, MeitY has entered into MoUs and Agreements with its counterpart organizations and agencies from various countries to promote cooperation and exchange of information in the ICT domain.

This is in consonance with the various initiatives taken by Government such as Digital India, Atmanirbhar Bharat, Make in India to transform the country into a digitally empowered society and knowledge economy.

In this changing paradigm, there is an imminent need for exploring business opportunities, sharing of best practices and attracting investment in the digital sector with the objective of enhancing mutual cooperation. Fiinews.com

Tags: Cabinet
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