Mumbai: India has signed a memorandum of understanding (MoU) with Egypt in the fields of information technology and communication sectors. IT minister Dayanidhi Maran and his Egyptian counterpart Tarel Kamel signed the MoU.
The agreement would pave way for BSNL and MTNL using Egypt as the gateway for the submarine cable being laid by Indian telecom majors and have better access to West Asia. Maran said a NASSCOM delegation would be visiting Egypt next month to explore the possibilities of Indian investment in the IT sector in that country. Addressing a joint press meet later, the Egyptian minister said India and Egypt have a strong political relationship for over 50 years and the MoU was yet another proof of this. "India and Egypt have more common things to share as both are considered the cradle of civilisations in their respective areas," Kamel said.
He said the IT sector in Egypt, which is in the nascent stage, valued Indian talent and investment. He promised incentives for Indian companies who set up units or joint ventures in his country. He also said his country was interested in exchange of educational material, particularly in the IT sector.
The information technology industry development agency of his country and NIIT of India had agreed to co-operate on this, he said.
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