Karnataka State Electronics Corporation (KEONICS) and Rwanda Development Board (RDB) signed a memorandum of understanding for promotion of bilateral trade and industrial relationship. KEONICS will expand to Rwanda, a country in East Africa to provide expertise in the fields of Information and Communication Technology (ICT) and Electronics on mutually acceptable terms. Jagadish Shettar, Chief Minister of Karnatka said on the occasion, “This new bilateral venture will facilitate collaborative projects in the areas of IT education, ITeS and e-governance.” Williams Nkurunziza, High Commissioner of Rwanda was also present at the event. KEONICS will offer advise and provide capacity building in various fields including IT education, IT enabled Services, e-governance solutions, IT consultancy, IT infrastructure, engineering, electrical engineering, electronics. Nkurunziza said, “The MoU is a mile-stone document that provides a clear frame-work for cooperation between the ICT in Rwanda and Karnataka.” Nkurunziza and Mohan Suresh, Honorary Consul of Rwanda are in talk with many successful companies owned by Karnataka Government to take a delegation to Rwanda and organise a Karnataka Show there in this December. Shettar said KEONICS earned a profit after tax of Rs 4.05 crore during 2011-12 on a turnover of Rs 143.71 crore.