5 min
On Tuesday, India and Russia signed an agreement to increase cooperation in areas of artificial intelligence, blockchain technology and explore the possibility of joint work in healthcare sectors. Apart from these areas, the two nations have also agreed to increase cooperation in quantum computing, financial technology and tourism.
“Both sides agreed to explore joint working arrangements and pilot projects in healthcare, proposed setting up of a single-window clearance”, said the official statement which was released after the first India-Russia Strategic Economic Dialogue held last week at St.Petersburg.
Led by Niti Aayog vice chairman Rajiv Kumar and Minister of Economic Development of the Russian Federation Maxim Oreshkin, the dialogue highlighted five core areas - transport infrastructure, agriculture and agro-processing sector, small & medium business support, digital transformation & frontier technologies and industrial & trade cooperation.
Although the relation between the two sides has seen positive developments towards trade and defence in the past few years, technology like AI and blockchain will further reinforce the relationship. With Prime Minister Narendra Modi stressing on the technology frontier as an engine for economic growth in India, this dialogue will initiate more developments especially in the field of agriculture and tourism.
Earlier in September, India approved a Memorandum of Understanding (MoU) brought out by BRICS for exploring research in distributed ledger technology such as blockchain, and see where it could be implemented for operational efficiency. In addition, the Indian state of Telangana also approved MoUs for implementing blockchain technology for smoothening government services.
All of these developments tell us that emerging technologies like blockchain is set to propel India and Russia alike towards economic growth in both countries. - In a Stunning Fall, Jensen Huang Resigns as NVIDIA Chief After 33 Years
- Space Tech Startup Astrome Bags ₹64 Cr RDI Fund for AI Satellite Network
- Siemens Wants to Continue NVIDIA Partnership Even If Jensen Huang is Ousted
- LTM Integrates AI Tool to Fix Quantum Computing Errors on IBM
- Chariot Launches Multilingual TTS Model with Support for 11 Indian Languages
- Lenovo Unveils New AI, HPC Servers With AMD’s 6th Gen EPYC Processors