<p>India and the European Union have renewed their agreement to expand scientific and technological cooperation aimed at strengthening their collaboration in this area in the next five years.</p>.<p>Last week, the two sides agreed to renew the agreement on scientific cooperation till 2025 at the 15th India-EU Summit, which was led by Prime Minister Narendra Modi from the Indian side.</p>.<p>The European Union delegation was headed by European Council President Charles Michel and President of the European Commission Ursula von der Leyen.</p>.<p>The agreement was initially signed on November 23, 2001, and renewed in 2007 and 2015.</p>.<p>In the last five years, the level of co-investment on India-EU Research Technology Development projects has been stepped up for addressing societal challenges such as affordable healthcare, water, energy, food and nutrition, according to an official statement issued on Saturday.</p>.<p>The cooperation has been focused on water, green transport, e-mobility, clean energy, circular economy, bio-economy, health and ICT.</p>.<p>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 endeavours, the statement said.</p>.<p>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, it said.</p>.<p>Increased exchanges between students, researchers, and professionals would benefit both sides. India and the EU share a mutual interest in reciprocal mobility of talent, it said.</p>.<p>"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.</p>.<p>"Highly qualified workers could be integrated into Indian and EU-led innovation system industries and help maintain technology-based leadership and sharing of best practices, internationalisation of SMEs and contributing in the global value chain,” the statement added.</p>
<p>India and the European Union have renewed their agreement to expand scientific and technological cooperation aimed at strengthening their collaboration in this area in the next five years.</p>.<p>Last week, the two sides agreed to renew the agreement on scientific cooperation till 2025 at the 15th India-EU Summit, which was led by Prime Minister Narendra Modi from the Indian side.</p>.<p>The European Union delegation was headed by European Council President Charles Michel and President of the European Commission Ursula von der Leyen.</p>.<p>The agreement was initially signed on November 23, 2001, and renewed in 2007 and 2015.</p>.<p>In the last five years, the level of co-investment on India-EU Research Technology Development projects has been stepped up for addressing societal challenges such as affordable healthcare, water, energy, food and nutrition, according to an official statement issued on Saturday.</p>.<p>The cooperation has been focused on water, green transport, e-mobility, clean energy, circular economy, bio-economy, health and ICT.</p>.<p>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 endeavours, the statement said.</p>.<p>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, it said.</p>.<p>Increased exchanges between students, researchers, and professionals would benefit both sides. India and the EU share a mutual interest in reciprocal mobility of talent, it said.</p>.<p>"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.</p>.<p>"Highly qualified workers could be integrated into Indian and EU-led innovation system industries and help maintain technology-based leadership and sharing of best practices, internationalisation of SMEs and contributing in the global value chain,” the statement added.</p>