Union Cabinet approves the MOU between the United States of America and the Republic of India

• The Union Cabinet chaired by Hon’ble Prime Minister, Shri Narendra Modi, approved the draft Memorandum of Understanding (MoU) between the United States of America and the Republic of India to enhance innovation ecosystems through an innovation handshake.

• The 5th India-U.S. Commercial Dialogue was held on 10th March 2023 during the visit of U.S. Secretary of Commerce Gina Raimondo between 8-10 March. At the meeting the Commercial Dialogue was re-launched with strategic focus on supply chain resiliency, climate and clean technology cooperation, advancing inclusive digital economy, and facilitating post-pandemic economic recovery especially for SMEs and start-ups. It included launch of a new Working Group on Talent, Innovation and Inclusive Growth (TIIG) under the Commercial Dialogue. It was noted that this Working Group would also support efforts of Start-ups working towards goals of iCET, particularly in identifying specific regulatory hurdles to cooperation and fostering greater connectivity between our innovation ecosystems with focus on start-ups through specific ideas for joint activities.

Also Read: Weekly Current Affairs (Science & Technology) 4-10 November 2023 Bitbank: Where have IBM and AWS launched an Innovation Lab in India?

                         >> Download Current Affairs PDFs Here

                              Download Sakshi Education Mobile APP

Published date : 19 Dec 2023 03:14PM