The Union Science and Technology Ministry today said its Technology Development Board had entered into an agreement with BPI, France, to organise funding for technology development projects on which the two countries could work together.
Similarly, CEFIPRA, which is the Indo-French Centre for Promotion of Advance Research, has embarked on an ambitious programme to bring together clusters from France and India and enhance industry-industry-academia linkages with the underlying theme of innovation.
The minister said that while Indians have proved to be successful in the areas of IT, chemical and biotechnology, France had wider experience in applied research and the ability to convert R&D findings into commercial technologies.
"All these sectors have tremendous potential for developing gainful bilateral partnerships through involvement of industry, enterprises and academia," the minister said.
"Last year, India's exports to France rose by 12 per cent and French exports to India rose by 8 per cent. It is not surprising that the trade relationship is predominantly underpinned by knowledge-based industries like automobiles, aerospace, pharmaceuticals, etc.," the minister said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
