The Telangana government and Taoyuan City will engage in an economic exchange of technology companies.

Telangana govt signs technology partnership pact with Taiwans Taoyuan cityTwitter
Atom Tech Shorts Thursday, February 22, 2018 - 09:52

The Telangana government on Wednesday signed a technology partnership agreement with Taoyuan City, Taiwan.

The Memorandum of Understanding (MoU) was signed on the sidelines of the World Congress on Information Technology (WCIT), 2018 which concluded here on Wednesday.

The Telangana government and Taoyuan City will engage in an economic exchange of technology companies.

Any home-grown company of Taoyuan City which is interested in exploring the markets in Telangana and setting up operations in Telangana will be provided the necessary regulatory support and policy benefits.

Similarly, companies with origin or large presence in Telangana will be encouraged to evaluate economic opportunity to set up operations with local government support.

Telangana's Information Technology Principal Secretary Jayesh Ranjan and Taoyuan City Director of the Board Robert Huang signed the MoU in the presence of Telangana's Minister for Information Technology and Industries K.T. Rama Rao.

Jayesh told reporters that the MoU was significant as Taoyuan has a lot of emerging technology firms and is strong in Internet of Things and robotics, has a lot of cases for implementation of new technologies, universities and research institutes.

"We can learn from them what are good ways of adopting IoT, robotics and other emerging technologies into public services, governance and G2C services," he said.

The two sides will also have a startup exchange programme. Any technology product or application developed by a startup or an enterprise incorporated in Taoyuan City which is of relevance to Telangana will be tried and tested within a designated sample space in Telangana as a proof of concept.

Telangana will actively support Taoyuan City in its efforts to create a conducive atmosphere for spurring innovation and entrepreneurship.

"As a part of this collaboration, through the T-Bridge programme of T-Hub, Telangana government and Taoyuan City shall facilitate exchange of startups between the locations of both the parties. Support in the form of market strategy, mentorship, access to funding shall be provided through T-Bridge," said an official statement.

Telangana is interested in implementing faculty training programmes, student exchange programmes and R&D programmes in the areas of IoT and smart technologies.

They will explore the possibility to conduct a joint expo or exhibition of innovative technology solutions. The expo can be conducted on a rotation basis between Telangana and Taoyuan City every two years.

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