The Indo-Canada Chamber of Commerce (ICCC) signed a Memorandum of Understanding (MoU) with the Telecom Equipment Manufacturers Association of India (TEMA). Moreover, this partnership will come into force from June 2021.
A New Partnership between TEMA and ICCC
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.
Vijay Thomas, President, ICCC, welcomed the move. He said, “we are delighted with our association with TEMA. It is India’s first and oldest association in Indian Telecom Sector”.
He further added, “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, 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.”
Also, he added that this association will focus on AtmaNibhar Bharat, Make in India, investment and manufacturing in Telecom, ICT, Railways, Infrastructure, Healthcare, Agriculture, Video Surveillance and Smart Cities.
Vikas Sharma, Director, SME, ICCC was instrumental in connecting the two organizations. Speaking of the collaboration, he said, “the collaboration will have a major impact on bilateral ties.”
Incidentally, both the organizations will work to facilitate and expedite the Comprehensive Economic Partnership Agreement (CEPA) between Canada and India.
Ravi Sharma, Chairman, TEMA, also welcomed the MoU. He said, “partnering with Canada is one of the milestone steps for AtmaNirbhar Bharat”.
He further said that it will pay way for development of technology, investments, manufacturing and export market to Canada. Sharma also added that TEMA looks forward to opportunities in satellite communication, cyber technologies, telecom products, and ICT technologies.
Benefits of the MoU
The MoU will provide 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 matchmaking 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 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.