NewKerala.com

Key Points

Union Minister Ashwini Vaishnaw announced Russian firms like Sberbank are expanding IT operations in India. He emphasized bilateral cooperation in cybersecurity and AI during SPIEF. The minister highlighted India's strengths in IT systems management and programming. The forum aimed to foster growth in a multipolar world through shared expertise.

Key Points: Russian Firms Like Sberbank Eye India for IT Teams Says Vaishnaw

  • Sberbank establishing Bengaluru IT hub
  • Russia-India IT collaboration in cybersecurity and AI
  • Vaishnaw highlights mutual learning opportunities
  • SPIEF forum focuses on multipolar growth
2 min read

Russian companies see India as base for setting up IT teams: Ashwini Vaishnaw

Ashwini Vaishnaw reveals Russian companies including Sberbank are setting up IT bases in India, citing mutual cybersecurity and AI collaboration opportunities.

"A lot of Russian companies are now looking at India as a base for setting up IT teams. For example, Sberbank. — Ashwini Vaishnaw"

St Petersburg, June 22

Union Minister Ashwini Vaishnaw said many Russian companies are considering India as a base for creating their IT teams and that both countries can collaborate and lean in on each others' areas of expertise, TASS reported.

"A lot of Russian companies are now looking at India as a base for setting up IT teams. For example, Sberbank. They are setting up a base in Bengaluru. So a lot of opportunities are there for collaborating," the Union Minister for Railways, Communications, Electronics and Information Technology told TASS in an interview on the sidelines of the St. Petersburg International Economic Forum (SPIEF).

The minister added that there are many areas for mutually beneficial cooperation between the two countries in the IT sector, the Russian state media reported.

"There are multiple areas for collaboration in IT. Of course, cybersecurity is one area where Russia has a lot of strengths. We can learn from each other. India has strengths in AI, IT systems management, and IT system programming. So both countries can really collaborate and learn from each other and to achieve a win-win solution for both," Vaishnaw emphasised.

The St. Petersburg International Economic Forum (SPIEF) was held on June 18-21 and the theme for the event this year was "Shared Values: The Foundation of Growth in a Multipolar World."

The program included the SME Forum, the Creative Industries Forum, the Day of the Future International Youth Economic Forum, the Drug Security Forum, and the Roscongress Urban Hub discussion platform.

The Roscongress Foundation which organized the St. Petersburg International Economic Forum. TASS was its information partner.

- ANI

Share this article:

Reader Comments

R
Rajesh K.
This is great news for our IT sector! More foreign companies mean more jobs for Indian techies. Russia has strong cybersecurity expertise which we can benefit from, while they can leverage our AI and programming strengths. Win-win situation! 🇮🇳🤝🇷🇺
P
Priya M.
While this sounds promising, I hope our government ensures these collaborations don't compromise our data security. We've seen how some foreign companies have misused Indian data in the past. Strict regulations should be in place.
A
Amit S.
Bengaluru becoming the IT hub of the world! First American companies, now Russian firms. Our engineers are truly world-class. But I hope this doesn't lead to more traffic jams in the city 😅
N
Neha T.
Interesting development! Russia has been a reliable partner for India for decades. In these times when Western countries are becoming unpredictable, strengthening ties with Russia makes strategic sense. Jai Hind!
V
Vikram J.
Hope this leads to more Russian language courses in our colleges. Learning Russian could become a valuable skill for IT professionals if this trend continues. Our education system should adapt to these new opportunities.
S
Sanjay P.
While I welcome this news, I hope our IT professionals get fair salaries and working conditions. Sometimes foreign companies exploit the cost advantage and pay less than what they would in their home countries.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50