What kind of technology exchange is planned via MIDC?

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Technology Exchange Initiatives Planned Through the Malaysia-India Digital Council

The Malaysia-India Digital Council (MIDC) is set to facilitate a range of technology exchange initiatives aimed at fostering shared growth and advancing digital innovation between Malaysia and India. These efforts will encompass the sharing of experiences, technical expertise, and policy and regulatory approaches related to digital technologies. The council's formation follows a meeting between Malaysia's Digital Minister Gobind Singh Deo and India’s Minister of Electronics and Information Technology Ashwini Vaishnaw.
Sharing of Technical Expertise and Policy Approaches

A core function of the MIDC will be to enable Malaysia and India to exchange technical expertise and discuss policy and regulatory frameworks pertinent to digital technologies. This collaborative approach is designed to foster a deeper understanding of each nation's advancements and challenges in the digital space. Such exchanges are expected to inform and refine the digital strategies of both countries.
Exploration of Business-to-Business Partnerships

The council also plans to actively explore opportunities for business-to-business (B2B) partnerships and collaborations. This includes fostering connections between industry associations from both nations, which can lead to joint ventures and the development of new digital solutions. These B2B initiatives are intended to drive commercial engagement and innovation within the private sector.
Enhancing Collaboration for SMEs and Start-ups

Furthermore, the MIDC will focus on enhancing collaborations between start-ups and small and medium-sized enterprises (SMEs) in both countries. This initiative aims to support the growth of emerging businesses and facilitate their access to new markets and technologies. By strengthening these connections, the council seeks to create a more dynamic and inclusive digital economy.
Upskilling and Reskilling Talent in Emerging Technologies

A significant aspect of the planned technology exchange involves upskilling and reskilling talent in emerging digital technologies. This focus on human capital development is crucial for ensuring that both Malaysia and India possess the skilled workforce necessary to thrive in the rapidly evolving digital landscape. The council's efforts in this area will contribute to building a robust talent ecosystem.

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What kind of technology exchange is planned via MIDC?

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