• Thursday, Dec 12, 2019
  • Last Update : 12:42 am

eGeneration, Highbar India to invest in Bangladesh's 4IR

  • Published at 06:55 pm October 9th, 2019
business
Shameem Ahsan, chairman, eGeneration, and Mangesh Wadaje, CEO of Highbar Technocrat, exchange agreement documents in New Delhi recently Courtesy

The MoU was signed on Friday after the inaugural ceremony of India-Bangladesh Business Forum (IBBF) during Prime Minister Sheikh Hasina’s state visit to India

eGeneration Ltd, a technology and tech investment companies in Bangladesh, signed an agreement with Highbar Technocrat Ltd., a successful spin-off of HCC Group in India and one of top 5% successful spin-offs according to Gartner at the ITC Maurya hotel in New Delhi recently.

The MoU was signed on Friday after the inaugural ceremony of India-Bangladesh Business Forum (IBBF) during Prime Minister Sheikh Hasina’s state visit to India, according to a press release.

Under this MOU, eGeneration and Highbar will enable knowledge and technology transfer between the countries while investing in research and development of skills required for fourth industrial revolution (4IR) technologies.

Part of this collaboration also involves branding both the countries as leading technology and innovation destinations in the world.

Shameem Ahsan, chairman, eGeneration Group, and Mangesh Wadaje, CEO of Highbar Technocrat Ltd, signed the MOU on behalf of the respective companies.

MangeshWadaje, CEO of Highbar Technocrat Ltd. said, “By signing this MOU, Highbar Technocrat would like to further accelerate the development of innovative technologies in India and Bangladesh together and strengthen our shared goals. With this collaboration both the countries will get access to research support to pursue their development objectives.”

Shameem Ahsan, chairman of eGeneration Group said, “The fourth industrial revolution is already happening in Bangladesh with many promising tech companies working on equipping different sectors with process innovation and latest technologies. Fully realizing the potential of 4IR requires a more inventive, inclusive approach to skills and infrastructure development. Pursuing that strategy on a global scale with Highbar and eGeneration will enable us to largely contribute in realizing Digital India and Digital Bangladesh vision and establish successful 4IR trajectories.”

eGeneration is one of the leading companies that are working with disruptive technologies like data analytics, machine learning, artificial intelligence, blockchain, digital platform and Internet of Things (IoT).

On the other hand, Highbar Technocrat Ltd, an associate company of HCC Group, is a leading end-to-end IT solution provider with its portfolio of enterprise business solutions, line of business IT solutions, process consulting and IT Infrastructure services aiming at increasing efficiencies for the infrastructure industry.