Nepali, Indian companies sign agreement for cooperation

Kathmandu, Feb. 25

A Memorandum of Understanding (MoU) was signed between Vertex Global Services India with Sparsh Edcation Foundation and IT-ITes Skills Sector Council and AIDA Consulting, Kathmandu Institute of Technology and Team Vertex Business Service Nepal.

The MoU signing, facilitated by Nepal India Chamber of Commerce and Industry (NICCI), held at a programme organised in the capital on Wednesday.

President of NICCI Shreejana Rana expressed hope that this venture could help provide opportunities to the companies and take Nepal India relations to a new height.

She said that Indian companies have expertise which could be instrumental in supporting Nepali companies in upscaling and upgrading. The MoU will facilitate technology transfer.

As per the MoU, Vertex Global Services India will provide world-class training to Nepali youth working in the information technology sector as well as help in job placement at the international level.

"The objective of focusing on the relationship between academia and the industry is to develop 'youth for industry' where skills and training are provided as per the international norms with focus on it being industry led, knowledge sharing and support," she said.

Dr. Sanjay Sharma, Secretary at the Ministry of Education, Science and Technology, said that bringing academia and business together could be instrumental in creating skilled human resources that fit the market requirement. "We need to bridge the gap between entrepreneurship and skill development," he said.

According to him, for education to be productive, there must be a strong tie with industry. There is a big gap in skill amongst the students.

Published in The Rising Nepal daily on 26 February 2021.