Get All Access for $5/mo

India Signs MoU With Trinidad And Tobago To Share India Stack A similar MoU was signed with Papua New Guinea also last month, showcasing the growing interest and acceptance of the initiative on a global scale

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

X handle

The ministry of electronics and IT, on Thursday, announced that India has signed a Memorandum of Understanding (MoU) with Trinidad and Tobago to share the India Stack, a collection of open APIs and digital public goods that aim to facilitate identity, data, and payment services on a large scale, with the Caribbean nation for mutual digital advancement.

"Both sides agreed to cooperate in the areas of digital transformation by means of capacity building, training programmes, exchange of best practices, exchange of public officials and experts, development of pilot or demo solutions…," noted the ministry in a statement.

This development comes after Rajeev Chandrasekhar, Union Minister of State for Skill Development & Entrepreneurship and Electronics & IT, met with Trinidad and Tobago's Minister of Digital Transformation, Senator Hassel Bacchus, last week. Reportedly during the meeting, discussions on mutual cooperation in the fields of IT, emerging technologies, and the India Stack were held.

Commenting on this collaboration, Rajeev Chandrasekhar stated, "With the help of India Stack, these countries can climb up the digitalisation ladder rapidly and transform their economies and governance. It shall create a robust ecosystem of startups, developers and system integrators working around it on next-gen innovation."

Since June 2023, India has already signed MoUs with countries namely Armenia, Sierra Leone, Suriname, and Antigua & Barbuda to share India Stack while many countries like Mauritius, Saudi Arabia have shown interest and are at an advanced stage of finalizing cooperation on IndiaStack. A similar MoU was signed with Papua New Guinea also last month, showcasing the growing interest and acceptance of the initiative on a global scale, the statement added.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Growing a Business

At 24, She Was Fired From Her Advertising Job. Then an 'Incredibly Important' Mindset Helped Her Build a Multimillion-Dollar Business.

Melissa Ben-Ishay's brother Brian Bushell encouraged her to follow her passion — and it led to major success.

Side Hustle

The Side Hustle She Started in a High School Locker Room Hit Multimillion-Dollar Revenue — and Taylor Swift Is a Fan: 'Invest in Yourself'

Elena Bonvicini, now 25, was inspired to start her side hustle during a 2016 visit to her grandparents in Wisconsin.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Leadership

9 Strategies to Recruiting Better Salespeople

It's not impossible to find great salespeople if you know where -- and how -- to look.

Business News

Mark Zuckerberg Uses an Easy But Powerful Formula to Keep Facebook Relevant — Here's How It Works

Zuckerberg says Meta never thought small, even in the early days when it was just Facebook.

Technology

Semiconductor Supply Chain's Blueprint Needs Redisgning: SEMI Chief

We need a different approach – the new principle for the supply chain is – just in case. It's a work in progress, SEMI is working aggressively to redesign the blueprint of the supply chain based on the just-in-case philosophy, says Ajit Manocha, president and CEO of SEMI, in an exclusive interaction with Entrepreneur India