Cabinet gives nod to MoU between India & Iran for cooperation in agri Back to News & Events List


The Cabinet chaired by prime minister Narendra Modi has given its ex-post-facto approval to the Memorandum of Understanding (MoU) between India and Iran for cooperation in the field of agriculture and allied activities. The MoU was inked during the recent visit of the president of Iran to India.
 
The MoU provided for cooperation in the areas of agricultural crops, agricultural extension, horticulture, machinery, post-harvest technology, plant quarantine measures, credit and cooperation.
 
It also provided for cooperation in soil conservation and water management, integrated nutrients management, seed technology and agricultural marketing. Livestock improvement, dairy development, animal health and other fields, as mutually agreed upon, also fell within the scope of this MoU.
 
Cooperation will also be effected through exchange of experts, materials and information, exchange of trainees and scientists on study visits/training programmes, facilitation of relevant conferences and workshops and any other means, as may be mutually agreed upon.
 
Under the MoU, a joint working group (JWG) will be formed to monitor the activities carried out in fulfillment of this MoU. The JWG will hold its meeting alternately in India and Iran once in every two years.
 
The MoU will be valid initially for a period of five years and will be automatically extended for a subsequent period of five years, unless either party notifies the other party of its intent to terminate it.
 
 
Source: FNB News

Recent News


11

08/2018
India-Myanmar border opens for trade

India's border with Myanmar was formally opened on Wednesday to facilitate trade between the two countries, officials said.   A function was held in the morning on...

25

07/2018
India extends $200 million credit lines to Rwanda; PM Modi holds talks with President Kagame

India on Monday extended $200 million lines of credit to Rwanda as Prime Minister Narendra Modi held wide-ranging talks with President Paul Kagame and discussed measures to str...

09

07/2018
India does not subsidise exports, complies with WTO norms: Suresh Prabhu

Dispelling the misconception that India subsidises its exports, Commerce Minister Suresh Prabhu today asserted that the country fully complies with the guidelines of the WTO, w...

21

06/2018
India Says US Trade Preference Program Enhances Pace Of Economic Reforms

India today told the Trump administration that the Generalized System of Preference program (GSP) would enhance India's development and the pace of economic reforms, urging...