India and South Korea on July 9, 2018 signed five MoUs for cooperation in the field of Science & Technology.
The MoUs were signed at the conclusion of the 4th India-Korea Science & Technology Ministers Steering Committee Meeting. The Korean delegation was led by South Korean President Moon Jae-in, who arrived in New Delhi on July 8, 2018 on a three-day visit.
Both the sides reviewed bilateral S&T cooperation between the two countries since the last meeting of the Steering Committee at Seoul in November 2015.
Highlights of the MoUs signed
Union Minister for Science & Technology, Dr Harsh Vardhan and his South Korean counterpart You Young Min signed three MoUs:
(i) Programme of Cooperation 2018-21
(ii) Establishment of Future Strategy Group
(iii) Cooperation in Biotechnology & Bioeconomy
Among other two MoUs, one was signed between Council of Scientific & Industrial Research (CSIR), and South Korean National Research Council for Science & Technology; and another was signed between IIT Mumbai and Korea Institute of Science &Technology to further accelerate future-oriented cooperation in their respective sectors.
They agreed to establish Indo-Korean Center for Research and Innovation (IKCRI) in India, which will act as the hub for systematic operation and management of all cooperative programmes in research and innovation including innovation & entrepreneurship and technology transfer.
MoU on Programme of Cooperation 2018-21
Both the countries renewed the Programme of Cooperation in the field of Science and Technology for 2018-21 to augment the cooperation in Science, Technology and Innovation.
MoU on Cooperation in Biotechnology & Bioeconomy
In the area of biotechnology, both the sides have agreed to extend cooperation in health and medicine, agro-fishery products developed with the adoption of biotechnology; environment-related challenges and developing energy sectors through bio-technology.
MoU on Establishment of Future Strategy Group
• The MoU on ‘Establishment of Future Strategy Group’ was signed by Indian Science & Technology and Commerce Ministers, while on the Korean side, it was signed by Science and ICT and Trade Ministers.
• The Future Strategic Group will build a collaborative platform that can utilise the potential of both the countries towards fostering innovation and create impact which is of social and economic good.
• Both the sides will be co-funding collaborative enterprise-led joint R&D projects covering Digital Transformation, Future Manufacturing, Future Utilities and Health Care.
Establishment of two India-Korea Joint Network Centres
They agreed to jointly establish two additional India-Korea Joint Network Centres in areas among ‘Cyber Physical System- Artificial Intelligence, Internet of Things focused on agriculture, energy, water and transportation and ‘Semiconductor Electronics’.
These centres will leverage existing infrastructure and funding available from the partners on both sides in focused applied research areas, which have potential towards technology development.
Video: Check out the latest current affairs of this week
DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.
Parliament passes Insolvency and Bankruptcy Code (Second Amendment) Bill, 2018
Assam-NRC Draft can’t be basis of any action by any authority: SC
Government to soon introduce bill proposing death penalty for mob lynching
Ministry of Shipping issues new guidelines for improving treasury investment for Major Ports