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Home arrow News arrow Alliances and Joint Ventures arrow Union Cabinet approves establishment of Indo-German Science & Tech Centre
Union Cabinet approves establishment of Indo-German Science & Tech Centre Print E-mail
Written by Anand   
Friday, 26 March 2010
New Delhi: The Union Cabinet today approved the establishment of Indo-German Science and Technology Centre (IGSTC) in India to facilitate research and industry collaboration to develop new technologies and commercialize it for overall economic and societal development of both countries.

The centre is intended to play a proactive role in facilitating participation of industry in joint R&D projects; provide/assist in mobilizing resources to carry out industrial R&D projects.

It is expected to facilitate and promote Indo-German bilateral collaborations in basic and applied science, research and technology through substantive interaction among Government, academia and industry. 

The centre shall also encourage public private partnerships (PPP) to foster elements of innovation and application and cultivate a culture of cooperation between science and industry.

When the Prime Minister of India visited Germany in April, 2006, both heads of the Governments (Prime Minister and German Chancellor) had stated that both sides (India and Germany) would work together to set up Indo-German S&T Centre in India to facilitate research and industry collaboration.

The total expenditure for the proposal is approximately Rs.65 crore for next five years with effect from 2010. This is the matching contribution equivalent to 2 million Euro per year from German Government side.

The Centre would be registered as a "Society" under the relevant Act.

Last Updated ( Tuesday, 29 November 2011 )
 
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