Bharat Web3 Association (BWA,) a premier organization representing top Web3 technology companies in India, signed a Memorandum of Understanding (MoU) with the Telangana Government.

On the 23rd of February, Thursday, Mr. K.T Rama Rao, the Information Technology Minister of Telangana signed the MoU, with the representative of BWA.   The Telangana Government led by the Bharat Rashtra Samithi (BRS) is making an innovative approach by exploring the potential benefits of Web3 technology, aiming IT development of the Telugu State. 

Mr. Jayesh Ranjan, Principal Secretary to Government of Telangana Industries & Commerce (I&C) Department and the Information Technology, Electronics & Communications Department made an official announcement regarding the collaboration.  He said, “We are extremely delighted to announce our partnership with BWA, and extend a warm welcome to them.  I believe that BWA serves as a great example of how the blockchain industry can come together united to drive the ecosystem forward.  The signing of this MoU marks a significant milestone in our efforts towards establishing a leading ecosystem for the Web 3 space in India.  We believe that this partnership will help us unlock immense value to the startups and enable us to expand the frontiers of possibilities in this rapidly growing and dynamic sector.”

Speaking about the collaboration, under this partnership, the Bharat Web3 Association would work closely with the Telangana Government to build a thriving Web3 ecosystem in the state.  This would be achieved through the organization of events, seminars and roadshows, as well as by facilitating discussions around Web3 technology. 

Furthermore, the BWA would also facilitate the exploration of potential synergies between its members and the Telangana government, aimed at utilizing the sandbox environment to its fullest potential.

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