State government of Odisha on 14 May 2014 signed an agreement with the TiE Silicon Valley. The agreement was signed as a part of state’s efforts to develop it an IT hub and attract US investment. Under the agreement, Odisha government would have a professional stationed at the headquarters of Silicon Valley in Santa Clara, California.
With this agreement, Odisha became the first Indian State in India to sign such an agreement.
Signatories of the agreement on behalf of Odisha Government were Vishal K Dev, the Odisha Industries Secretary and G Mathi Vathanan, Chairman-cum-Managing Director of Industrial Promotion and Investment Corporation of Odisha Limited.
The objective behind this agreement is to create awareness about the potential and opportunities in existence for IT sector in India. The agreement also aims to creat interest in the Silicon Valley for venture capital funding and outsourcing.
About TiE Silicon Valley
TiE is a not-for-profit global network of entrepreneurs and professionals, which was founded in 1992 in Silicon Valley, California, USA. TiE stands for Talent, Ideas and Enterprise. It has its presence in 17 countries across the world and main aim of the institute is to cultivate and nurture the ecosystem of entrepreneurship and free-market economies everywhere.
Who: Odisha Government
When: 14 May 2014