Armenian-Indian center of excellence will open in late September or
early October

YEREVAN, July 25. / ARKA /. The Armenian-Indian IT Center of
Excellence will open at Yerevan State University in late September or
early October, its rector Aram Simonyan said today.

The agreement on the establishment of the Center at Yerevan State
University was reached in 2009. The Center is supposed to have
Indian-manufactured Param supercomputer with the performance capacity
of 10-40 gigaflops. It is said to cost $1.5 million.

The rector said the Armenian-Indian IT Center is a joint initiative of
the Armenian and Indian governments and the Armenian Incubator
Enterprises Fund. It will be funded by the government and the
university. The equipment for the Center will be provided by the
Government of India.

Under the agreement, the cost of the Center is estimated at $3
million, of which $2 million are Indian investments in the form of
equipment, and the rest is provided by the Armenian side.

The aim of the agreement signed between the governments of Armenia and
India is to promote bilateral cooperation in IT sector, in particular,
to help create new jobs, train highly qualified IT specialists and
attract investment in the Armenian IT market. -0-

25/07/2011 19:49