India and the European Union have agreed to renew the Agreement on Scientific Cooperation for the next five years.
This decision was taken at an India-EU virtual summit led by Prime Minister Narendra Modi and European Union delegation headed by European Council President Charles Michel and President of the European Commission Ursula von der Leyen on Thursday.
Besides, India and the EU have agreed to collaborate further in research and innovation based on the principles of mutual benefit and reciprocity. “Both parties are committed to launch the renewal procedure in time and acknowledge 20 years of robust cooperation on research and innovation,” their joint statement stated.
This will help to enhance research and innovation cooperation in different fields like water, energy, healthcare, agri-tech and bio-economy, integrated cyber-physical systems, information and communication technologies, nanotechnology and clean technologies. It will also strengthen institutional linkages in research, exchange of researchers, students, startups and attract co-investment of resources for co-generation of knowledge.
In the first phase of cooperation, 73 joint research projects had been implemented, besides 500 exchange visits of researchers and students.