The Union Cabinet on September 13 approved the signing of Memorandum of Understanding (MoU) between India and Armenia on cooperation in the field of sharing successful Digital Solutions implemented at Population Scale for Digital Transformation.
Ministry of Electronics & Information Technology of India and the Ministry of High-Tech Industry of Armenia had signed the MoU on 12th of June 2023.
The MoU intends to promote closer cooperation and exchange of experiences and digital technologies-based solutions (viz. INDIA STACK) in the implementation of digital transformational initiatives of both the country. MoU envisages improved collaboration leading to employment opportunities in the field of IT.
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 agreements with its counterpart organizations or 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 of India such as Digital India, Atmanirbhar Bharat, Make in India etc. 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 investments in the digital sector with the objective of enhancing mutual cooperation.
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.