KOCHI: IT industry body Nasscom and SmartCity, the IT Special Economic Zone signed a memorandum of understanding (MoU) for growth and development of the knowledge industry.

The MoU aims to contribute to growth and development of the knowledge industry, with special emphasis on software, IT services, internet, e-commerce, IT Enabled services, Smart Services, Cloud Computing and Telecommunications, a release said.

It will also help create self-sustaining models that will enable the rapid growth of the knowledge sector, propelled by innovative disruptive technologies.

State Minister for Economy, Investment and Small Business, Christian Cardona, and Chairman of NASSCOM, R Chandrasekaran, were present for signing of the MoU.

The partnership will focus on building knowledge cluster models globally as a network of self-sustained knowledge townships and support growth of these knowledge industries.

The MoU will aim to develop eight more townships in the next 10 years with smart digital infrastructure, apart from existing projects in Malta (in Europe) and Kochi (India), the release said.

As part of the collaboration, both parties will organize exchange of information and trade missions/business delegations of IT industry and best practices to facilitate Joint Venture alliances promote bilateral relation and business opportunities in host cities and support them for success.

Abdullatif AlMulla, CEO, SmartCity, said, "As part of the MoU, we aim to leverage technology for innovative solutions which will allow exchange of services and other facilities between both regions."

The city will provide access to companies operating in India to better infrastructure, facilities and services and enable growth of the global network of free zone business townships, Chandrasekaran said.

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