News By/Courtesy: Anushka Banerjee | 28 Jul 2020 14:08pm IST

HIGHLIGHTS

  • Renewal of Agreement till 2025
  • Components of the Agreement
  • Join statement issued after the renewal

India and the European Union (EU) have renewed their agreement on Scientific and Technological Cooperation for the next five years (2020-2025). India and the European Union have renewed their agreement to expand scientific and technological cooperation aimed at strengthening their collaboration in this area in the next five years. The agreement was extended by the exchange of Note Verbale between two sides. The Agreement was initially signed on November 23, 2001, and has since been renewed two times in the past in 2007 and 2015, respectively.

 

The cooperation has been focused on water, green transport, e-mobility, clean energy, circular economy, bio-economy, health, and ICT. Additional areas, such as climate change, sustainable urban development, manufacturing, advanced materials, nanotechnologies and biotechnology, food processing, and ocean research may also be considered in future endeavors. In the last 5 years, the level of co-investment on India-EU Research Technology Development Projects for addressing societal challenges such as affordable healthcare, water, energy, food & nutrition has been stepped up resulted in several technologies, patents development, their gainful utilization, joint research publications, sharing of the research facility and, exchange of scientists and students from both sides.

 

The agreement to renew the collaboration was reached at the 15th India-EU Summit, a virtual one which was led by  Prime Minister Narendra Modi from India’s side. The EU delegation was headed by European Council President Charles Michel and President of the European Commission Ursula von der Leyen. Increased exchanges between students, researchers, and professionals would benefit both sides. India and the EU share a mutual interest in reciprocal mobility of talent, it said.

 

"The mobility of researchers and innovators would be promoted in both directions. The EU-India cooperation should also foster innovation by promoting networking between EU and Indian innovators, start-ups, incubators, and accelerators, by setting up joint platforms, both offline and virtual, and engaging in coaching, training and staff exchanges. Highly qualified workers could be integrated into Indian and EU-led innovation systems industries and help maintain technology-based leadership and sharing of best practices, internationalization of SMEs, and contributing in the global value chain,” a press statement from the Indian side read.

 

Later on, in a joint statement after the summit, it was issued that, "India and the EU will engage constructively in the global stocktake in 2023, the outcome of which shall inform the updating and enhancing in a nationally determined manner of the actions, and support in accordance with the relevant provisions of the Paris Agreement."

 

 

 

This article does not intend to hurt the sentiments of any individual, community, sect, or religion etcetera. This article is based purely on the author’s personal opinion and views in the exercise of the Fundamental Rights guaranteed under Article 19(1)(A) and other related laws being enforced in India for the time being.
 

Section Editor: Pushpit Singh | 28 Jul 2020 23:08pm IST


Tags : #India #EU #science&tech #internationalrelations #IndiaEUrelations

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