Indian and Russian organizations signs MoU for IT Solutions



Indian and Russian firms have signed an agreement to cooperate in Information Technology and the projects in the agreement include cooperation in Smart City projects, cybersecurity and e-governance, officials said.

The agreements were signed by Russian RusITExport (RITE), a key integrator of top Russian IT solutions in the global market, and Indian firm Aark Infosoft Pvt Ltd for development of complex IT projects in India.

The agreements were signed in Dubai at the GITEX Information Technology Forum.

The first stage of the implementation of the agreement will be the development of a roadmap, Russian officials said.

The two sides will also cooperate on the development of cybersecurity systems and electronic elections, which refers to the electronically conducted election process, including security solutions.

“The Indian IT market is one of the fastest growing in the world. The region is actively developing and cooperating with other countries in the digital economy. Despite the high competition from local developers of IT solutions, we see that Russian IT solutions in the fields of Smart City, Cybersecurity and E-Government, which have the successful implementation in the Russian Federation, are of great interest and are already finding potential customers in India,” said Evgeniy Matveev, CEO of RITE.

The two sides also discussed current trends in IT and communications, the need to develop IT infrastructure in India and possible joint projects aimed at implementing Russian IT solutions in India.