Indian Tech Companies to Gain Access to Dubai’s Thriving Innovation Ecosystem.
Nasscom, the $254 billion technology industry representative body of India, signed a Memorandum of Understanding with the Dubai International Financial Centre (DIFC), one of the world’s premier global financial hubs in the MEASA region. The agreement was signed in the presence of Rajesh Nambiar, President of Nasscom and Arif Amiri, CEO of DIFC Authority.
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This strategic partnership aims to foster collaborations between Nasscom’s member companies and Dubai’s rapidly expanding FinTech and innovation ecosystem. By creating opportunities for Indian technology firms to engage with cutting-edge organizations in the financial technology sector, the collaboration seeks to drive innovation and mutual growth.
Key Objectives of the MoU
The MoU focuses on inducting Indian technology companies into the vibrant ecosystem of DIFC through engagement platforms. The activities like webinars, roadshows, roundtables, and networking conferences will be held to bring about knowledge sharing and innovation. Furthermore, the collaboration offers access to DIFC’s celebrated Innovation Hub, Dubai AI Campus, and a network of FinTech leaders for the Nasscom member companies.
Particular objectives of the collaboration are-
- Sharing Sectoral Insights and Best Practices: Nasscom and DIFC will exchange insights into the sector’s development strategy and share the best practices that could lead to a more significant push in technology and financial sectors.
- Access to the Dubai FinTech Ecosystem: Indian tech companies can gain direct access to DIFC’s AI and innovation ecosystem through potential partnerships and collaborations with its constituent organizations.
- Knowledge Sharing and Engagement: Workshops, webinars, and roadshows will allow meaningful interaction between Indian tech firms and the DIFC innovation community.
Leadership Statements
Commenting on the collaboration, Rajesh Nambiar said, “This partnership with DIFC underlines our commitment to enabling Indian technology companies as they expand their footprint across the world. In this partnership, Nasscom member companies will get the opportunity to tap into the dynamic FinTech ecosystem in Dubai, thereby engaging with innovative organizations and networking with industry leaders at the forefront of cutting-edge advancements.
The Chief Executive Officer of DIFC Arif Amiri concurred, emphasizing on DIFC as one of the global innovation platforms. “DIFC is dedicated to developing an ecosystem that is globally integrated, in which innovation shall be fostered. Based on this partnership with Nasscom, we look at Indian technology companies to develop ties of engagement in our AI and innovation communities for FinTech while facilitating disruptive innovations that reach a larger financial services family.
A Promising Path for Growth
The synergy will unlock innovation, improve relationships around the world, and push Indian technology companies to new prominence in the rapidly growing Dubai FinTech revolution. The state-of-the-art infrastructure of DIFC and the excellence of Nasscom in facilitating technological innovation create a powerful synergy that will unlock growth and opportunities.
It aims to create a thriving ecosystem for knowledge exchange, business expansion, and technological advancements for the benefit of the wider financial services industry in Dubai and beyond by leveraging the strengths of each organization.
