Key Details of Memorandum of Understanding
Parties Involved:
- Protean eGov Technologies Limited (the Company)
- North East Centre for Technology Application and Reach (NECTAR), an autonomous institution under the Department of Science & Technology, Government of India
Execution Date: July 3, 2026
Purpose and Scope:
- Jointly undertake projects in digital governance, ICT, geospatial technologies, capacity building and technology-enabled socio-economic development
- Focus on the North Eastern Region of India
- Collaboration combines Protean's experience in building population-scale digital public infrastructure and citizen-centric platforms with NECTAR's expertise in technology applications, geospatial solutions and regional development
- MoU aims to create a framework for identifying and implementing transformative projects that enhance public service delivery and address last-mile development challenges
- Explore opportunities in digital governance, ICT, geospatial technologies, capacity building and technology-enabled socio-economic development
- Accelerate adoption of innovative and scalable technology solutions for public good
Tenure: 5 years from execution date (July 3, 2026 to July 2, 2031)
Additional Terms:
- No shareholding relationship between the parties
- No special rights disclosed (right to appoint directors, first right to share subscription, restriction on capital structure changes)
- No relationship to promoter/promoter group/group companies
- Material terms to be communicated separately when finalized
Financial Impact
Financial impact not quantified in the disclosure. No monetary commitments or investment amounts specified.