AMN
India and Portugal today signed eleven MOUs for cooperation in areas including double taxation avoidance, investments, science and technology, nanotechnology, space research, administrative reforms and culture.
The instruments for cooperation were signed in Lisbon this evening in presence of Prime Minister Narendra Modi and his Portugese counterpart Antonio Costa. Both leaders also launched India-Portugal International Start Up Hub, an online platform enabling collaboration between entrepreneurs of the two countries.
“During the visit of Prime Minister Narendra Modi to Lisbon, the two sides signed MoUs for creation of an India Portugal Space Alliance and for advancing collaborative research. These agreements will promote India’s science and technology partnership with Portugal, towards the establishment of a unique Centre on the Azores Archipelago – the Atlantic International Research Centre.
This Centre will act as a research, innovation and knowledge hub for trans-atlantic and north-south cooperation. An international network of research and academic organizations will be created. The goal is to provide a shared environment to support research and foster new climate, earth, space and marine research” SAID AN OFFICIAL RELEASE.
India and Portugal have agreed to set up a joint fund of four million Euros to support bilateral collaboration in cutting edge technology. This was disclosed by Prime Minister Narendra Modi this evening in his press statement at Lisbon after the meeting of the two leaders.
Citing a 17 per cent growth in bilateral trade and doubling of FDI from Portugal during past one year, the Prime Minister said economic ties between the two countries are on an upward trajectory. He said, Portuguese economic rebound and strong growth in India offer excellent opportunities for the two countries.
Mr Modi said the two countries have expressed determination to deepen cooperation against terrorism and violent extremism. The Prime Minister thanked Portugal for supporting India’s bid to permanent membership of UN Security Council and multi-lateral export control regimes. He also expressed deep condolences for the victims of the devastating fire in Portugal last week