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Cabinet approves MoU between India and Iran for cooperation in the field of agriculture and allied sectors

Capital Market 

The chaired by has given its ex-post-facto approval for the Memorandum of Understanding (MoU) between and for cooperation in the field of agriculture and allied sectors. The was signed on 17th February, 2018 during the visit of the of to The provides for cooperation in the areas of agricultural crops, agricultural extension, horticulture, machinery, post harvest technology, plant quarantine measures, credit and cooperation.

It also provides for cooperation in soil conservation and water management, integrated nutrients management, and agricultural marketing. Livestock improvement, dairy development, animal health and other fields as mutually agreed upon fall within the scope of this 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 The JWG will hold its meeting alternately in and once in every two years. The 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 of terminating it.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 15 2018. 10:31 IST
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