BRICS MoU on cooperation in the fields of Science, Technology and Innovation

21st Feb, 2016

BRICS: Memorandum of Understanding on cooperation in the fields of Science, Technology and Innovation 

The MoU envisages promotion of cooperation in the field of science, technology and innovation among BRIGS countries by means of mutually agreed S&T events and activities. 

Objectives: To establish a strategic framework of cooperation in Science, Technology, Innovation to address the common global, and regional socio-economic challenges

Nodal Departments: The Ministry of Science and Technology from Indian side and the counterpart Ministries from other BRICS countries

Funding: As per national norms of respective BRICS member countries. 

Memorandum of Understanding

It is a formal agreement between two or more parties. 

MoU's are not legally binding but they carry a degree of seriousness and mutual respect, stronger than a gentlemen's agreement.