NEW DELHI: The cabinet was on Wednesday apprised of a bilateral agreement that seeks closer ties between India and Bangladesh in IT and electronics sectors and explores investment opportunities from that country.
The cabinet was briefed about the Memorandum of Understanding the two countries signed in April when Bangladesh Prime Minister Sheikh Hasina was on a visit to India.
The MoU focuses primarily on cooperation in e-Governance, m-Governance, e-Public services delivery, cyber security and capacity building.
"It aims to explore business opportunities, IT and electronics market in Bangladesh by Indian IT companies and attract investment in Indian electronics and IT sectors in India which would indirectly generate employment opportunities," an official statement said.
The agreement will remain in force for a period of five years. Thereafter, it will be extended at any time within the period it remains in force by mutual written consent of the two sides. It can be terminated by either party after giving six-month prior notice in writing to the other.
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