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India-France to sign agreement to foster technology exchange

The MoU between India and France will ensure exchange of best practices and setting up of coordinated measures to foster technological exchanges in the field of science, technology and innovation...

By IANS English

| Published: Thursday, February 9, 2017, 12:04 [IST]

New Delhi, Feb 9: The Union Cabinet was apprised on Wednesday of the signing of agreement between India and France to ensure exchange of best practices and technology.

The Cabinet meeting was chaired by Prime Minister Narendra Modi. According to a release, a Memorandum of Understanding of Cooperation will be signed between Technology Development Board, India, and Bpifrance, a public investment bank of France.

Gérard Mestrallet, Chaiman and CEO of Engie, founding member of Terrawatt Initiative and Mr Harshavardhan Neotia, President, FICCI signing an MoU for a global common market of affordable solar power in presence of Michel Sapin, French Minister for Finance and Public Accounts at a Business Session on ‘India-France: Defining New Horizons’ at FICCI in New Delhi. PTI Photo.

"The agreement will ensure exchange of best practices and setting up of coordinated measures to foster technological exchanges in the field of science, technology and innovation through collaboration between companies, organisations and institutions of France and India," read a release.

TDB, which comes under the Department of Science & Technology, has been constituted to promote development and commercialisation of indigenous technology and adaptation of imported technology for wider application.

As per the release, this agreement is aimed carrying out activities related to exchange of best practices in the field of science & technology through the TDB and Bpifrance.

IANS