Cabinet apprised of two Bilateral MoUs between India and Cuba, and India and Korea in the area of Biotechnology

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has been apprised of two Bilateral Memorandums of Understanding signed between India and Cuba, and India and Korea in the area of Biotechnology. The MoUs were signed on 22nd June 2018 at Havana, Cuba and on 9th July 2018 at New Delhi, respectively. The MoUs signed with Cuba and Korea respectively, are in the agreed areas of collaboration and objectives in the field of Science & Technology, wherever the expertise in these areas exist in the country.

Major impact

The MoUs have been signed to strengthen the Indo-Cuba and Indo-Republic of Korea bilateral ties, to work out the future agenda for the collaboration for Innovation in S&T Diplomacy to evolve a concrete strategic plan in the area of biotechnology education, training and research.The proposal has the potential towards employment generation for more than 50 postgraduates and Ph.Ds in biological sciences and related areas for a period of upto five years.

Background:

Indo-Cuba Collaboration

India and Cuba signed a bilateral MoU to deepen collaboration on biotechnology on 22nd June 2018 during the visit of Hon'ble President of India to Havana, Cuba. The Ministry of Science and Technology of the Republic of India and the Ministry of Science, Technology and Environment of the Republic of Cuba, have signed the MoU on 22nd June,2018 at Havana.

India-Republic of Korea Collaboration

India and Korea have signed an MoUin the area ofBiotechnology and Bio-economy. The MoU aims to broaden and deepen cooperation between the two countries in Science & Technology, in the fields of Biotechnology and encouraging industrial R&D and related bilateral investment flows.

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