India, Angola to partner in electronics and IT

The preliminary agreement will promote closer cooperation in areas of e-Governance, IT education, Information Security, Electronics Hardware manufacturing, IT embedded Software industry and Telemedicine

May 23, 2018

The agreement comes as India’s Ministry of Electronics and Information Technology (MeitY) has been mandated to promote international cooperation in emerging and frontier areas of Information and Communications Technology (ICT) under bilateral and regional framework

The draft agreement was signed between India’s Junior External Affairs Minister MJ Akbar and Domingos Custodio Vieira Lopes, Secretary of State for International Cooperation and Angolan Communities; Annual trade between the nations have been recorded around US$2.8 billion

India is Angola’s third largest trading partner; Angola has remained the second largest source of crude oil for India, after Nigeria, in the Sub-Saharan Africa; Meanwhile, the items of Indian exports to Angola have been locomotives and machinery, food items, consumer products

India has also provided Angola with financing in agriculture and food processing, transportation and engineering, manufacturing and human resource development; Angola and its leadership has expressed interest in India’s advances in agriculture, industry and technology

India and Angola has entered into a preliminary agreement to promote bilateral cooperation in the field of Electronics and Information Technology (IT). The nation’s Union Cabinet, chaired by Prime Minister Narendra Modi, was apprised of the agreement on May 23. The agreement intends to promote closer cooperation in areas of e-Governance, human resource development for IT education, Information Security, Electronics Hardware manufacturing, IT embedded Software industry, Telemedicine, among others. India’s Electronics and IT sector has attained global recognition driven by its highly advanced and cost-competitive natures. This has attracted the world’s biggest technology firms to set up bases in India. The acquired efficiency has led India to contribute in setting up IT capacities in other foreign nations.

The agreement comes as India’s Ministry of Electronics and Information Technology (MeitY) has been mandated to promote international cooperation in emerging and frontier areas of Information and Communications Technology (ICT) under bilateral and regional framework of cooperation. MeitY has entered into agreements with counterpart organizations of various countries to promote close cooperation and exchange of information in the area of ICT. To further enhance international cooperation, particularly in view of the new initiatives taken by Government of India such as “Digital India”, “Skill India”, Startup India” and “Make in India”, there is an increased need for exploring business opportunities in the technology sector. Angola’s nascent IT sector will greatly benefit from the deal.

The draft agreement was signed between India’s Junior External Affairs Minister MJ Akbar and Domingos Custodio Vieira Lopes, Secretary of State for International Cooperation and Angolan Communities. India has become Angola’s third largest trading partner sharing about 10 per cent of the nation’s external trade mainly on account of bulk crude oil purchase. Angola has remained the second largest source of crude oil for India, after Nigeria, in the Sub-Saharan Africa. Trade between the nations stood at US$2.8 billion. Meanwhile, the items of Indian exports to Angola have been locomotives and machinery, food and agricultural items, pharmaceuticals and consumer products, among others. India has also provided Angola with financing in agriculture, transportation, manufacturing and human resource development.