{"id":142031,"date":"2023-10-23T16:44:40","date_gmt":"2023-10-23T13:44:40","guid":{"rendered":"https:\/\/timeskuwait.com\/news\/?p=142031"},"modified":"2023-10-23T16:49:34","modified_gmt":"2023-10-23T13:49:34","slug":"india-and-kuwait-strengthening-ties-in-information-technology","status":"publish","type":"post","link":"https:\/\/timeskuwait.com\/news\/india-and-kuwait-strengthening-ties-in-information-technology\/","title":{"rendered":"India and Kuwait: Strengthening Ties in Information Technology"},"content":{"rendered":"

The Indian embassy, in cooperation with the Indian Business and Professionals Council and the National Association of Software and Service Companies (NASSCOM), organized the Indian-Kuwaiti Conference for Information Technology. It featured about 20 prominent companies in the IT services sector from India, with the support of the Kuwait Chamber of Commerce and Industry.<\/p>\n

Kuwait has been strengthening its ties with India in the field of information technology, with the participation of 18-22 specialized Indian companies operating in Kuwait.<\/p>\n

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The Indian Ambassador, Dr. Adarsh Swaika, emphasized during his speech that Indian companies are highly active in the technology sector in all Gulf Cooperation Council countries, particularly in the UAE and Saudi Arabia.<\/p>\n

Ambassador Swaika stated that the successful Indian technological solutions can easily be applied anywhere in the world, including Kuwait. The Indian technology industry generated revenues of $245 billion during the current fiscal year.<\/p>\n

Further pointing out that India is the third largest and fastest-growing center for technology startups globally, with returns of about $250 billion annually in the technology sector.<\/p>\n

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While Wafa Qatami, a member of the Board of Directors of the Kuwait Chamber of Commerce and Industry, stated that India is among Kuwait’s main trading partners, ranking fourth in terms of countries exporting to Kuwait in 2021.<\/p>\n

The trade exchange between the two countries amounted to $13.8 billion in 2022-23. Qatami emphasized that the Kuwait Chamber of Commerce and Industry is eager to provide all possible forms of cooperation to achieve common economic goals and increase trade exchange rates between the two countries.<\/p>\n

With the impressive growth of India’s technology industry and Kuwait’s eagerness to embrace digital transformation, the strengthening of ties in information technology between India and Kuwait looks set to continue.<\/p>\n\r\n