Bengaluru: Indian IT industry body Nasscom has signed a Memorandum of Understanding (MoU) with Dubai International Financial Centre (DIFC) to enhance collaboration in artificial intelligence (AI), fintech, and innovation between Indian and Middle Eastern ecosystems. The agreement aims to foster cross-border partnerships and facilitate the exchange of sector-specific insights.
Under the MoU, Nasscom member companies will gain access to DIFC’s fintech and AI ecosystems, providing opportunities to connect with Dubai’s financial and technological networks. The collaboration outlines initiatives such as webinars, workshops, and roundtables to strengthen engagement between Indian tech firms and stakeholders in Dubai.
According to Nasscom President Rajesh Nambiar, the MoU will allow Indian firms to explore potential collaborations with fintech and innovation leaders operating within the DIFC framework. Similarly, DIFC CEO Arif Amiri emphasized the center’s interest in engaging Indian tech companies to support innovation in financial services across the West Asia, Africa, and South Asia (MEASA) region.
The partnership is strategically significant as India’s fintech sector ranks third globally, with over 10,000 active entities, according to the Ministry of Finance. DIFC, which operates as a financial hub for 77 countries, hosts over 6,000 registered companies in sectors including fintech and AI.
This agreement highlights the growing interdependence between India’s rapidly expanding technology sector and the Middle East’s evolving financial ecosystem. By enabling Indian companies to collaborate in Dubai’s fintech space, the partnership is expected to drive innovation and improve international outreach for both regions.
The MoU signals a move towards strengthening regional technology networks, especially in critical domains such as AI and financial technology, which are pivotal for the global economy.
