Union Cabinet apprised of MoU between India and France in S&T and Innovation

Posted on:09 Feb 2017 18:18:25
Union Cabinet apprised of MoU between India and France in S&T and Innovation
09 February 2017 Current Affairs: The Union Cabinet has been apprised of the signing of the Memorandum of Understanding (MoU) of Cooperation in the field of Science and Technology and innovation. 

The MoU was signed between India’s Technology Development Board (TDB), Department of Science & Technology and France’s public Investment Bank Bpifrance. 

The agreement will ensure exchange of best practices and setting up of coordinated measures to foster technological exchanges. 

The exchanges under it will be through collaboration between companies, organizations and institutions of France and India. The agreement also aims to carry out activities related to exchange of best practices in the field of Science & Technology through the India’s Technology Development Board and Bpifrance.

TDB is a statutory body established under Technology Development Board Act, 1995. Its mandate is to promote development and commercialisation of indigenous technology and adaptation of imported technology for wider application. It consists of 11 Board members. 

The board plays a pro-active role by encouraging enterprises to take up technology oriented products. The Union Government had reconstituted the board in March 2000.

 It is the first organization of its kind within the government framework with the sole objective of commercializing the fruit of indigenous research. It provides financial assistance to research and development institutions and equity capital or loans to industrial concerns. The loan carries a simple interest rate of 5% per annum.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 July

17 JULY
NEWS
16 JULY
NEWS
15 JULY
NEWS
14 JULY
NEWS

Current Affairs 2018 June

30 JUNE
NEWS
29 JUNE
NEWS
28 JUNE
NEWS
27 JUNE
NEWS

Current Affairs 2018 May

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
28 MAY
NEWS