Cabinet apprised of BRICS MoU signed last year

NEW DELHI: The Union Cabinet was today apprised of the BRICS memorandum of understanding on cooperation in the fields of science, technology and innovation signed last year.

India had signed the BRICS MoU last March at Brasilia in Brazil on the sidelines of 3rd BRICS STI Ministerial meeting.

The MoU envisages promotion of cooperation in these fields among BRICS countries by means of mutually agreed science and technology events and activities.

The objectives of the MoU are to establish a strategic framework of cooperation in science, technology and innovation to address the common global, and regional socio-economic challenges utilising shared experiences among the BRICS countries; co-generate new knowledge and innovative products, services and processes, a statement said.