Published On: 2021-06-03

The India-Bangladesh Business Forum aims to accelerate bilateral ties by transfer of knowledge and technology between the two neighbouring nations. This year, the forum assembly was highlighted by a landmark 4iR R&D alliance between Highbar Technocrat Limited from India and eGeneration Limited from Bangladesh. An MOU was signed between the two companies in the presence of H. E. Shaikh Hasina, Prime Minister of Bangladesh along with Mr Piyush Goyal, Minister of Trade, Commerce and Railways, Government of India and Mr. Tipu Munshi, Honorable Minister for Commerce, Government of Bangladesh.

The MOU was signed by Mr. Mangesh Wadaje, Director and CEO, Highbar Technocrat Ltd and Mr. Shameem Ahsan, Chairman, eGeneration Ltd...

The deal pushes the technological affinity between the two nations through joint investments in Research and Development in 4iR. This will further curate Brand India and Bangladesh as the preferred destinations for innovation and technology. Another point of interest was to expand the current IT exports between the two nations.

The collaboration will gather knowledge from both sides and channel it in developing relevant skills in the neighbourhood, directly linking it to Digital India and Digital Bangladesh initiatives. Both parties involved will be tasked with collaboration and execution of SAP & other IT projects in Bangladesh.

The Fourth Industrial Revolution (4iR) is a way of describing the blurring of boundaries between the physical, digital, and biological worlds. It's a fusion of advances in artificial intelligence (AI), robotics, the Internet of Things (IoT), 3D printing, genetic engineering, quantum computing, and other technologies.

Highbar Technocrat Ltd and eGeneration Limited have decided to collaborate and partner for acquisition of projects and seamless delivery in the field of ERP, BIM, AI, ML, IoT and other IT requirements in the 4iR space.

“The deal marks a significant milestone for the technology solutions industry in India and Bangladesh as both nations have a large pool of technically well qualified resources who can work together to develop innovative solutions for the global markets”, said Mr. Mangesh Wadaje, Director & CEO, Highbar Technocrat Limited.

Highbar Technocrat Limited is a leading innovative technology solutions provider focused on helping companies achieve break-through productivity and efficiency benefits at corporate and project level, in the Construction, Infrastructure, Real Estate and Manufacturing industries with more than 120 clients spread across India, Middle East and Europe. The company has delivered breakthrough time and cost benefits in some of the largest and most complex metro rail, road, tunnelling and smart city projects in India. Highbar has been recognized by Gartner Inc. -  one of the world’s largest IT industry research and advisory firms - as one of the very few successful IT spin-offs, by writing a special case study about Highbar as an example of best practices for other such companies globally.

eGeneration Ltd. is one of the leading IT consulting and software solutions companies in Bangladesh, providing innovative solutions to organizations in the Banking and Financial services, eGovernance and Manufacturing sectors. The company has developed skills in Blockchain, Natural Language Processing, Artificial Intelligence, Machine Learning, and Data analytics.