India and Trinidad and Tobago signed a Memorandum of Understanding (MoU) to share the India Stack framework, a collection of open Application Programming Interface (APIs) and digital public goods facilitating identity, data, and payment services. This collaboration aims to enhance digital transformation efforts through capacity building, training programs, and exchange of best practices.
The MoU followed a meeting between Rajeev Chandrasekhar, Union Minister of State for Skill Development & Entrepreneurship and Electronics & IT, and Senator Hassel Bacchus, Minister of Digital Transformation of Trinidad and Tobago. The meeting focused on information technology, emerging technologies, and the India Stack initiative.
Rajeev Chandrasekhar said, "Prime Minister Narendra Modi, an advocate of global unity through 'Vasudhaiva Kutumbhakam' (the world is one family), has consistently promoted offering India Stack to countries striving for digitalization. Embracing India Stack, these nations can rapidly advance their digitalization, transforming economies and governance."
The India Stack initiative is expected to stimulate a robust ecosystem of startups, developers, and system integrators, contributing to digital innovations. The MoU signing saw officials from the Ministry of Electronics and IT, the National E-Governance Division, MeitY, and the Ministry of External Affairs.
Trinidad and Tobago's collaboration adds to India's growing list of countries participating in the initiative. Since June 2023, India has signed MoUs with countries like Armenia, Sierra Leone, Suriname, and Antigua & Barbuda to share the framework. Mauritius and Saudi Arabia are also finalizing cooperation on India Stack.
The Unified Payments Interface (UPI), integral to India Stack, gains international acceptance. Countries including France, UAE, Singapore, and Sri Lanka have embraced UPI, demonstrating global acceptance of India's digital innovations.
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