Union Minister for Science and Technology and Earth Sciences S Jaipal Reddy has said that the new initiatives in the India-France technology cooperation would provide new opportunities for both countries to commercially exploit the research and development and to increase its application for inclusive growth.
While inaugurating the India-France Technology Summit, organized by Department of Science and Technology, CII and French Embassy in the capital today, Reddy said that the leadership of France in technology could combine with entrepreneurial innovations of India to create newer products and concepts that could be put to use in both the countries for each other’s advantage.
In this regard, he referred to the unprecedented focus on innovation and R&D in the 12th Five Year Plan of India, which have to be implemented through public private partnership. He invited French companies to take advantage of the new eco-system in India that focuses on R&D and innovation.
Referring to the Indo-French Agreement for Promotion of Technology signed in 1966 and reviewed in 1978, the Minister said that this would be a major institutional framework for promoting bilateral research and innovation. This cooperation, he said, has led to a few path - breaking innovations and said that more could be done within the framework of the agreement.
Reddy said that the difficulties in the euro zone and global slowdown did not affect the Indo-French trade. India’s exports to France have increased by 12 per cent whereas French exports to India have gone up by 8 per cent.
Automobiles, aerospace, electronic, pharmaceuticals , energy etc are the major areas of cooperation between the two countries. India has declared a decade of innovation primarily to achieve the targets of inclusive growth. For reaching this milestone set by India, a more proactive and need based technological collaborations between the two countries are important.
In his message to Technology Summit, Francois Hollande, President of French Republic, which was read out by French Ambassador to India Francois Richier, said that “French companies have heavily invested in India over the past few years; they have brought with them know-how and technology; they are developing research centres in India, in certain cases, with an international outlook. Numerous cooperation agreements have been signed between public and private research organizations”.