Chennai: Nasscom, the premier trade body of the Indian IT industry, today signed an agreement with Chile-based Association of Information Technology Companies for growth and development of IT sector in the two countries.

The memorandum of understanding (MoU) was signed by Nasscom president Som Mittal and ACTI president Miguel Perez in the presence of Chilean President Michelle Bachelet.

As per the MoU, Nasscom and ACTI would share common goals and act as a channel for mutual collaboration between IT companies in both the countries. It would also help create platforms such as work programmes to facilitate sharing of experiences and complementary abilities.

India and Chile would interchange information, publications and opinions that concern the growth and development of IT industry at least once in a year.

The agreement would also work towards constructing a systematic collaboration of placing in the market innovations that were produced in India, so that Chile shall be the ‘First Technology Adopter and Adapter´ giving the Chilean business access to latest technologies as well as exporting them to the Latin American and other markets.