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RITES and C-DAC Join Forces to Advance IT Solutions in Consultancy Services

Written by: Team Angel OneUpdated on: Feb 13, 2025, 4:04 PM IST
RITES and C-DAC sign an MoU to collaborate on IT solutions for consultancy work, focusing on AI, cybersecurity, cloud computing, and digital trade platforms.
RITES and C-DAC Join Forces to Advance IT Solutions in Consultancy Services
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RITES Limited, a premier transport infrastructure consultancy organisation, has partnered with the Centre for Development of Advanced Computing (C-DAC) to enhance IT solutions in consultancy assignments. This collaboration, formalised through a Memorandum of Understanding (MoU), aims to integrate advanced digital technologies into consultancy services.

The share price of RITES was trading in the green as of 11:15 AM on February 13, 2025, up by 0.71%.

Key Focus Areas of the Partnership

Under the MoU, RITES and C-DAC will explore potential collaborations in various IT domains, including:

  • E-Governance: Streamlining digital processes for better efficiency.
  • Cybersecurity & Cyber Forensics: Enhancing data security in consultancy operations.
  • Cloud Computing & Big Data Analytics: Leveraging advanced data processing techniques.
  • IoT, AI & Machine Learning: Incorporating smart technologies for project insights.
  • Open-Source Software & Solutions: Promoting cost-effective digital innovations.
  • Education, Training & R&D: Driving technological advancements in consultancy services.

Introducing the ‘MAITRI’ Digital Trade Platform

As an initial step, RITES and C-DAC will work together to develop the ‘MAITRI’ platform, designed to digitise trade information and facilitate seamless cargo movement between Indian and Middle Eastern ports. This initiative is part of the first phase of the international Virtual Trade Corridor, which aims to enhance cross-border logistics and efficiency.

About RITES Limited

RITES Limited, a Navratna Public Sector Enterprise, is a leading consultancy and engineering firm in India’s transport sector. With 5 decades of expertise, the company has successfully delivered projects across 55 countries, spanning Asia, Africa, Latin America, and the Middle East.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 13, 2025, 4:04 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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