New Delhi, June 11: E-commerce platform Snapdeal on Tuesday signed a MoU with Digital India Bhashini, an Independent Business Division established by the Ministry of Electronics and Information Technology (MeitY) within Digital India Corporation (DIC), to develop services and products focused on enhancing language translation efforts to promote digital inclusion in India.

This partnership will leverage Artificial Intelligence (AI) to develop innovative solutions catering to over nine vernacular languages. "We look forward to combining Bhashini's deep expertise in language solutions with Snapdeal's robust e-commerce platform to empower individuals across diverse linguistic backgrounds," Himanshu Chakrawarti, CEO - Snapdeal, said in a statement. Digital Competition Bill India: IT Ministry To Meet Key Stakeholders To Discuss Concerns, Suggestions Over Bill for Anti-Competitive Practices by Big Tech Firms.

The company said that this partnership focuses on Snapdeal's commitment to advancing digital inclusivity in India. "Through innovative use of AI and voice-first technology, we are determined to break down barriers, build greater digital participation, and create a more connected and inclusive digital ecosystem for all Indians," said Amitabh Nag, CEO of Bhashini. India Holds Potential To Create Over 10 Crore New Jobs by 2030 in MSMEs, Large Conglomerates and Startups: PHDCCI President Sanjeev Agrawal.

"We are committed to leveraging technology for the greater good and enabling inclusive digital experiences for all," he added. Meanwhile, Snapdeal has registered Rs 388 crore in revenue in FY23, as it significantly reduced losses by 45 per cent to Rs 282 crore in the last financial year, as compared to Rs 510 crore in FY22.

(The above story first appeared on LatestLY on Jun 11, 2024 05:15 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).