New Delhi, July 11 (KNN) To promote bilateral exchanges in the field of artificial intelligence and robotics, Karnataka Innovation and Technology Society (KITS) has signed a MoU with two Taiwanese Science Parks.

The MoU would facilitate mutual exchange of faculty from identified academic institutes to learn new technologies and industry's best practices.

It would further enhance the technological know-how through mutual development and innovation and institutionalize the industrial collaboration mechanism.

The agreement will be mutually beneficial to both Karnataka and Taiwan as it will enhance skill development, mutual industry facilitation and encourage startups and MSMEs, said Principal Secretary, IT/BT and ST Department, Gaurav Gupta.

This agreement will strengthen relations in biotechnology, information technology and other emerging technologies, said Ambassador of Taiwan to India Chung-Kwang Tien.

It also aims at helping Taiwanese firms tap the growing Indian market and create business opportunities, especially in IT and robotics.