India, Australia sign MoU to enhance R&D capabilities in biotech
India and Australia have signed an Memorandum of Understanding (MoU) to enhance research and development capabilities in biotechnology by launching a joint funding call. The MoU was signed between India’s BIRAC (Biotechnology Industry Research Assistance Council) and Horticulture Innovation Australia (HIA). BIRAC is a PSU which works under the Union Ministry of Science and Technology, while HIA is a non profit, grower-owned R&D and marketing company for Australia’s horticulture industry.
The MoU seeks to stimulate and enhance the strategic research and innovation capabilities of the Indian biotech industry. The focus of the funding call is to undertake horticultural research in order to develop and deploy modern tools of plant biotechnology to improve crop productivity. The funding commitment from BIRAC and Horticulture Innovation is up to 6 million Australian dollars over a period of 3 years.