India-EU Scientific and Technological Cooperation Agreement Renewed till 2025

India and the European Union have renewed its agreement on Scientific and Technological Cooperation for a period of the next five years (2020-2025) and this has been done now by the exchange of Note Verbale between two sides. The initial agreement was signed in 2001 and has been renewed since then twice.

Details of the Scientific and Technological Cooperation Agreement

The agreement will expand the cooperation in scientific and technological research between India and the European Union and will strengthen the conduct of cooperative activities in areas of common interest and application of the results of such coordination to their economic and social benefit. Cooperative activities may take the forms of reciprocal participation of Indian research and European research institutions in research, technological development and demonstration projects under each other’s program.

This agreement is focused on water, green transport, e-mobility, clean energy, circular economy, bio-economy, health and ICT, climate change, sustainable urban development, manufacturing, advanced materials, nanotechnologies and biotechnology, food processing and ocean research.

While India is mainly interested in addressing the basic needs of its people including through economical innovation and excelling in high-tech markets, the EU wants to cash in on the human capital available in India. Both the sides share a mutual interest in reciprocal mobility of talent.

Month: Current Affairs - July, 2020