India-European Union Agreement on Scientific and Technological Cooperation
India and the European Union have renewed its Agreement on Scientific and Technological Cooperation for the next five years (2020-2025). This has been done by the exchange of Note Verbale between two sides.
- The Agreement was initially signed in on 23 November 2001 and renewed two times in past in 2007 and 2015.
- India and the European Union have strong research and innovation cooperation under the framework of said “Agreement,” and it has grown steadily over the years.
- In the last 5 years, the level of co-investment on India-EU Research Technology Development Projects for addressing societal challenges such as affordable healthcare, water, energy, food & nutrition has been stepped up resulted in several technologies, patents development, their gainful utilization, joint research publications, sharing of the research facility and, exchange of scientists and students from both sides.
- The cooperation has been focused on water, green transport, e-mobility, clean energy, circular economy, bio-economy, health, and ICT. Additional areas, such as climate change, sustainable urban development, manufacturing, advanced materials, nanotechnologies and biotechnology, food processing, and ocean research may also be considered in future endeavors.
- The EU and India are at the forefront of human development and innovation. For India, addressing the basic needs of its people, including through frugal innovation, and excelling in high-tech markets are twin objectives. Both areas offer mutually beneficial opportunities for EU-India cooperation. Increased exchanges between students, researchers, and professionals would benefit both sides. India and the EU share a mutual interest in reciprocal mobility of talent.
- The mobility of researchers and innovators would be promoted in both directions. The EU-India cooperation should also foster innovation by promoting networking between EU and Indian innovators, start-ups, incubators, and accelerators, by setting up joint platforms, both offline and virtual, and engaging in coaching, training and staff exchanges. Highly qualified workers could be integrated into Indian and EU-led innovation systems industries and help maintain technology-based leadership and sharing of best practices, internationalization of SMEs, and contributing in the global value chain.