India and Saudi to Cooperate In Digitization and Electronic Manufacturing

  • The Cabinet chaired by Hon’ble Prime Minister Shri Narendra Modi approved a Memorandum of Cooperation (MoC) signed on 18th August 2023.
  • Between the Ministry of Electronics and Information Technology of the Republic of India and the Ministry of Communications and Information Technology of the Kingdom of Saudi Arabia.
  • On cooperation in the field of Digitization and Electronic Manufacturing.

Purpose:

  • To strengthen collaboration in the fields of Digitization, Electronic Manufacturing, e-governance, smart infrastructure, e-health and e-education.
  • Promote partnership in research in digital innovation.
  • Use of emerging technologies such as Artificial Intelligence (AI), Internet of Things (IoT), Robots, Cloud Computing and Blockchain, etc.
  • Would establish a framework for cooperation.
  • Access to highly skilled Information and Communication Technologies professionals.
  • Strengthen SME and start-up ecosystem by sharing information on business accelerators, venture capital and incubators of technology start-ups.
  • Would indirectly generate employment opportunities for both.
Posted in Current Affairs.