In the light of recent visit from Canadian Prime Minister, Mr. Justin Trudeau in different fields including science and technological cooperation, nuclear science, energy, sports, education, and Information and Communication Technology (ICT).
The Memorandum of Understanding (MoU) was agreed upon and signed between India’s Department of Atomic Energy and the Department of Natural Resources of Canada for cooperation in the fields of science, technology and innovation. India and Canada have previously signed a pact on peaceful use of nuclear energy. To initiate cooperation in the field of energy, terms of reference for the India-Canada Ministerial Energy Dialogue were discussed between the Ministry of Petroleum and Natural Gas and the Department of Natural Resources of Canada.
A joint declaration of purpose between the Ministry of Electronics And Information Technology along with the Department of Innovation, Science and Economic Development of Canada on cooperation in the field of Information Communications Technology and Electronics was also signed. A pact between the two economies for cooperation in higher education was also signed as India sends second largest number of students to the North American country for higher education.
A pact was signed between India’s Ministry of Youth Affairs & Sports and the Department of Canadian Heritage (Sport Canada) on cooperation in sports. Another MoU was also signed between India’s Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, and the Canadian Intellectual Property Office focusing Cooperation on Intellectual Property Rights.
The agreements will accelerate the trade and business opportunities between India and Canada. According to the Information and Communication Technology Market report published by Coherent Market Insights, it is the fastest growing sector due to speedy delivery of data and hence is focused upon more by both the economies.