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India: Business MOUs

India and South Korea Enter into Five Contracts for Science & Technology

| Editor: Ahlam Rais

India and South Korea have recently signed five MOUs in the field of science & technology.
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India and South Korea have recently signed five MOUs in the field of science & technology. (Source: PIB)

Three MOUs for Programme of Cooperation 2018-21; Establishment of Future Strategy Group; Cooperation in Biotechnology & Bioeconomy along with two MOUs for Science & Technology were signed between India and Korea.

New Delhi/India – India and South Korea have recently signed five MOUs in the field of science & technology (S&T). Union Minister for Science & Technology, Dr Harsh Vardhan and his South Korean counterpart, You Young Min signed three MOUs for Programme of Cooperation 2018-21; Establishment of Future Strategy Group; Cooperation in Biotechnology & Bioeconomy.

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.

Two other MOUs were signed between the Council of Scientific & Industrial Research (CSIR), and South Korean National Research Council for Science & Technology and IIT Mumbai and Korea Institute of Science &Technology, to further accelerate future-oriented cooperation in their respective sectors.

The MOUs were signed at the conclusion of the 4th India-Korea Science & Technology Ministers Steering Committee Meeting.

In his opening remarks, Dr Harsh Vardhan said, “India can lead the newly industrialising countries in developing and adopting affordable technologies and processes, and demonstrate a growth path and low energy consumption pattern that would be more sustainable than that of the industrial countries.”

On his part, You Young Min appreciated India’s self-reliance in science and technology, especially in the R&D sector and said that both the countries could bring synergy between Korea’s strong manufacturing base and India’s pre-eminence in basic sciences and software sector.

The two Ministers reviewed bilateral S&T cooperation between the two countries since the last meeting of the Steering Committee at Seoul in November 2015. Both Ministers agreed to establish an Indo-Korean Center for Research and Innovation in India. The center aims to become a hub for systematic operation and management of all cooperative programmes in research and innovation between the two countries including innovation & entrepreneurship and technology transfer.

The Ministers also agreed to establish a Future Strategic Group, which 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. To begin with, both sides will be co-funding collaborative enterprise-led joint R&D projects covering digital transformation, future manufacturing, future utilities and health care.

It was also 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.

In the area of biotechnology, New Delhi and Seoul have agreed to extend cooperation in health and medicine, agro-fishery products developed with the adoption of biotechnology; environment-related challenges and developing environmental and energy sectors through bio-technology, big data biotechnology; bio-research resources; synthetic biology, genome editing and microbiomes, etc.

Both 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.

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