India, Russia to Pool Resources for Joint Hi-Tech Projects
India and Russia have agreed to pool their resources for implementing joint projects in cutting-edge technology to serve their scientific and technological priorities.
Sep 16, 2005
India and Russia have agreed to pool their resources for implementing joint projects in cutting-edge technology to serve their scientific and technological priorities.
This understanding was reached during Union Minister of Science and Technology and Ocean Development Kapil Sibal's talks here with Russia's Education and Science Minister Andrei Fursenko during their talks here yesterday.
"The sides noted that favourable conditions existed for expanding interaction in the areas of bio-technology, nano-technology and information technology. They were in favour of concentrating their financial resources on joint projects which would serve the interests of national scientific & techno logical priorities," an Indian Embassy release said.
Sibal, who arrived here on Monday on a week-long Russia visit, discussed the matter of improving the mechanisms of commercialisation and transfer of technology generated within the framework of ILTP and reached an agreement in principle for drawing up mutually agreed proposals to set up an Indo-Russian Technology Centre.
India and Russia have an integrated long-term programme (ILTP) of scientific and technological cooperation involving thousands of scientists in the best labs and research institutes of both countries.
In view of the growing significance of science and technology in the overall scheme of bilateral relations, the Sibal and Fursenko agreed to hold annual inter-ministerial meetings to review the practical issues of cooperation in the field of science and technology and innovations.
This understanding was reached during Union Minister of Science and Technology and Ocean Development Kapil Sibal's talks here with Russia's Education and Science Minister Andrei Fursenko during their talks here yesterday.
"The sides noted that favourable conditions existed for expanding interaction in the areas of bio-technology, nano-technology and information technology. They were in favour of concentrating their financial resources on joint projects which would serve the interests of national scientific & techno logical priorities," an Indian Embassy release said.
Sibal, who arrived here on Monday on a week-long Russia visit, discussed the matter of improving the mechanisms of commercialisation and transfer of technology generated within the framework of ILTP and reached an agreement in principle for drawing up mutually agreed proposals to set up an Indo-Russian Technology Centre.
India and Russia have an integrated long-term programme (ILTP) of scientific and technological cooperation involving thousands of scientists in the best labs and research institutes of both countries.
In view of the growing significance of science and technology in the overall scheme of bilateral relations, the Sibal and Fursenko agreed to hold annual inter-ministerial meetings to review the practical issues of cooperation in the field of science and technology and innovations.