eGeneration, Highbar India to invest in 4iR tech

FT ONLINE

eGeneration Ltd., one of the leading technology and tech investment companies in Bangladesh on Friday signed a Memorandum of Understanding (MOU) with Highbar Technocrat Ltd., a  spin-off of HCC Group in India at the ITC Maurya Hotel in New Delhi.

Highbar Technocrat Ltd is one of the top spin-offs, according to Gartner.

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

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 the fourth industrial revolution (4IR) technologies.

The MoU will help to brand both 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. The signing ceremony was held in the presence of Tipu Munshi, Minister of Commerce, Government of Bangladesh and Sheikh F Fahim, President, FBCCI, among others.

Mangesh Wadaje, 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 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 to 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 & IT infrastructure services aiming at increasing efficiencies for the infrastructure industry.