FPT inks $67 mln innovation deal with Indonesian partner

FPT Corporation announced on March 11 the signing of a $67 million framework agreement with KMP Aryadhana, a leading Indonesian cooperative in the field of innovation.

The signing ceremony took place during Party General Secretary To Lam's State visit to Indonesia between March 9-11.

This collaboration aims to harness FPT's expertise in Artificial Intelligence (AI), Blockchain, the Internet of Things (IoT), and Cloud Computing to advance technology applications in Environmental, Social, and Governance (ESG) initiatives and education. By leveraging these technologies, the partnership seeks to foster innovation and promote sustainable development in key areas.

Digital transformation is expected to play a pivotal role in enhancing KMP Aryadhana's innovative capacity in Yogyakarta, positioning the city as a prominent cultural and educational hub in Indonesia. These efforts align with the goal of strengthening Yogyakarta's status as a regional leader in innovation.

As part of the agreement, KMP Aryadhana and FPT plan to establish a cutting-edge AI research lab and implement digital transformation projects in education and ESG practices. Beyond Yogyakarta, the model is expected to be expanded both domestically  and globally.