The Indo-Canada Chamber of Commerce (ICCC) signed a Memorandum of Understanding (MoU) with the Telecom Equipment Manufacturers Association of India (TEMA).
TEMA will come on board as a Partner Organization for CONNEXT 2021 – ICCC’s 10 Days-10 States Virtual Trade Mission to India from June 11 to June 25, 2021.
Welcoming the signing of the MoU, Mr Vijay Thomas, President of ICCC, said, “We are delighted with our association with TEMA. It is India’s first and oldest association in Indian Telecom Sector. TEMA has more than 48,500 members and worldwide agreements with 74 organizations globally through the CMAI association of India. The new collaboration will help our Chamber foray afresh into Telecom and ICT, Education, Cyber Security, Skill development, Innovation and Start-Up ecosystem.”
Prof. N. K. Goyal, Chairman Emeritus, TEMA, responding with alacrity and enthusiasm, said, “TEMA will work closely with ICCC to offer cutting-edge programs in diverse spheres such as cyber security, new technologies, railway telecom VSS technologies, education in new technologies, educational programs, and 6G Cooperation Program.” He added, “Our focus will also be to jointly promote AtmaNibhar Bharat, Make in India, Investment and manufacturing in Telecom, ICT, Railways, Infrastructure, Healthcare, Agriculture, Video Surveillance, Smart Cities.”
Mr Vikas Sharma, Director, SME, ICCC, who was instrumental in connecting the two organizations, added, “The collaboration will have a major impact on bilateral ties and both the organizations will work to facilitate and expedite the Comprehensive Economic Partnership Agreement (CEPA) between Canada and India, which is being negotiated for nearly a decade.”
Mr Ravi Sharma, Chairman TEMA welcoming the MOU, said, “Partnering with Canada is one of the milestone steps for AtmaNirbhar Bharat which will pay way for development of technology, investments, manufacturing and export market to Canada. We look forward for wonderful opportunities for satellite communication, safe cyber technologies, trusted telecom products, next generation telecom and ICT technologies.”
The MoU will pave the way for both the organizations to cooperate on a series of mutually beneficial matters, including:
∙ Enhancing membership by offering member rates for members of each organization for event participation.
∙ Work cooperatively to identify and explore business opportunities between the two organizations.
∙ Jointly work to identify and create bilateral economic, technical and business opportunities between Canada and India
∙ Promote direct company to company linkages and promotions between ICCC and TEMA business members.
∙ Develop ways that companies can reduce risk of entering bilateral business relationships between India and Canadian markets or any territories like US.
∙ Be advocates to the Canadian and Indian Governments on policies that will promote the development of business and technology linkages between Indian and Canadian Companies.
∙ Be an effective forum for networking, exchanging ideas and information and advancing the interests of the ICCC and TEMA.
∙ Provide a business or career match-making service identifying opportunities to the benefit of ICCC and TEMA and qualify potential collaborators.
∙ Access and offer market intelligence on business sectors, industries and companies to ICCC and TEMA.
∙ Provide information on Canadian and Indian trade fairs, missions, seminars and other business-related events to ICCC and TEMA.
∙ Work collaboratively with the Government to address members’ needs and the trade and profession related barriers they encounter.
∙ Plan joint meetings/seminars that could be of interest to both memberships in order to attract greater attendance and reduce overhead event costs.
∙ Share any commercial or technical information that could benefit the membership of either organizations.