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India & US sign pacts on scientific and technological collaboration
Written by Hari   
Wednesday, 22 July 2009
New Delhi: External Affairs Minister S.M. Krishna and Secretary of State Hillary Clinton signed an agreement jointly creating a $30 million endowment to be used for joint research and development, innovation, entrepreneurial, and commercialization activities in science and technology.

It was also agreed that working groups would be formed to focus on new areas of common interest in nano-technology, civil nuclear technology, civil aviation and licensing issues in defence, strategic and civil nuclear trade.

The two governments also agreed to launch a process of bilateral scientific and technological collaboration to support the development, deployment and transfer of transformative and innovative technologies in areas of mutual interest including solar and other renewable energy, clean coal and energy efficiency, and other relevant areas.

A Technology Safeguards Agreement and associated side letters were also signed, pertaining to the use of U.S.-licensed components on spacecraft launched from Indian facilities. Practically, the agreement will facilitate the launch of U.S.-licensed spacecraft components and safeguard protected technologies and data of both countries. The side letters commit the United States and India to enter into consultations regarding the market for commercial space launch and satellite services.

S.M. Krishna announced the Indian government's agreement to End Use Monitoring arrangements for high technology military sales between India and the U.S. The agreement will boost India's ability to defend itself through the acquisition of U.S. defense equipment while promoting American high tech exports.

As part of the two governments' continuing cooperation in civilian nuclear energy, the Government of India pledged to designate two nuclear energy park sites in India for development by U.S. companies.

Noting the high potential that exists due to the complementarities in the knowledge and innovation-based economies of the two countries, it was agreed that the agenda and the initiatives in the bilateral High Technology Cooperation Dialogue should continue, with the objective of facilitating smoother trade in high technology between the two economies reflecting the present strategic nature of the India-U.S. relationship.

 
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