The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval to the MoU between India and Vietnam on Cooperation in the field of IT.
The MoU aims to develop a long-term and sustainable cooperation on the basis of equality and mutual interest in the areas of IT in line with each countrys laws and regulations. Implementation of the MoU will result in significant mutual benefits in the IT sector, through institutional and capacity-building in the field of IT and Human Resource Development.
The MoU will remain in force for a period of five years and will be renewable by mutual written consent between India and Vietnam. It will be implemented by establishing a Joint Working Group on IT with representatives from both the countries.
Disclaimer: No Business Standard Journalist was involved in creation of this content
