Union Cabinet gives nod to India-EU agreement on S&T cooperation

Posted on:05 May 2016 18:04:40
Union Cabinet gives nod to India-EU agreement on S&T cooperation
05 May 2016 Current Affairs: The Union Cabinet has given its approval to the renewed Agreement for Scientific and Technological Cooperation with European Union (EU) for another period of 5 years. Decision in this regard was taken by Union Cabinet Meeting chaired by Prime Minister Narendra Modi in New Delhi. The agreement will be retrospectively effective from 17 May 2015 until 2020.

The agreement will reaffirm India-EU’s shared commitment to research and innovation as drivers of social and economic development. The Agreement’s purpose is to strengthen the co-operation in R&D activities in science & technology fields of common interest between the research institutions of the EU Member States and India. The cooperation activities include supporting joint R&D projects, sharing of advanced research facilities, exchange of scientists and experts joint seminars. It will also include symposia and workshops, sharing of relevant information on science, technology and innovation policy, program and R&D projects.

The Agreement for Scientific and Technological Cooperation was initially signed in November, 2001 was in force till May 2015.

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