India, Australia sign MoU to enhance R&D capabilities in biotech

Posted on:30 May 2016 09:13:13
India, Australia sign MoU to enhance R&D capabilities in biotech
30 May 2016 Current Affairs: India and Australia have signed a Memorandum of Understanding (MoU) to enhance research and development (R&D) capabilities in biotechnology by launching a joint funding call. The MoU was signed between India’s BIRAC (Biotechnology Industry Research Assistance Council) and Horticulture Innovation Australia.

The MoU seeks to stimulate and enhance the strategic research and innovation capabilities of the Indian biotech industry. The focus of the funding call is to undertake horticultural research in order to develop and deploy modern tools of plant biotechnology to improve crop productivity. The funding commitment from BIRAC and Horticulture Innovation is up to 6 million Australian dollars over a period of three years.

BIRAC :  It a PSU under the Union Ministry of Science and Technology. It seeks to stimulate and enhance the strategic research and innovation capabilities of the Indian biotech industry, particularly start-ups and SMEs, for the creation of affordable products addressing the needs of the largest section of society.

Horticulture Innovation Australia (Hort Innovation) : It is a not-for-profit, grower-owned R&D and marketing company for Australia’s horticulture industry. It works collaboratively with industry, Australian government and the nation’s leading research institutions to deliver ground-breaking advancements in areas such as agri-technology, pest management, trade and industry promotion.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs September 2017

26 SEPTEMBER
NEWS
25 SEPTEMBER
NEWS
23 SEPTEMBER
NEWS
22 SEPTEMBER
NEWS

Current Affairs August 2017

31 AUGUST
NEWS
30 AUGUST
NEWS
29 AUGUST
NEWS
28 AUGUST
NEWS

Current Affairs July 2017

31 JULY
NEWS
29 JULY
NEWS
28 JULY
NEWS
27 JULY
NEWS