MoU Between India and France for Renewable Energy

News: The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi was apprised of the signing of Memorandum of Understanding (MoU) between India and French Republic in the field of renewable energy cooperation.

Objective:

  • The objective of the MoU is to establish the basis for promotion of bilateral cooperation in the field of new and renewable energy on the basis of mutual benefit, equality and reciprocity.  It covers technologies relating to solar, wind, hydrogen and biomass energy.

The MoU entails:

  • exchange and training of scientific and technical personnel;
  • exchange of scientific and technological information and data;
  • organization of workshops and seminars; transfer of equipment, know-how and technology;
  • development of joint research and technological projects.

Significance:

  • This MoU will help in the development of technological know-how in the field of Renewable Energy and thereby aid the process of attaining the ambitious target of 450 GW of installed Renewable Energy capacity by 2030.

Recent updates in India-France Relations:

  • Indian Prime Minister visited France in 2019 for G7 summit as a ‘Goodwill Partner’ and Issued India-France Roadmap on Cybersecurity and Digital Technologies and 4
    Agreements/MoUs.
  • France President visited India in 2018 and Issued Joint Strategic Vision of India-France Cooperation in the Indian Ocean Region” and the “India-France Joint Vision for Space Cooperation”.
  • International Solar Alliance founding conference was held in New Delhi.
  • TRISHNA is the third joint satellite mission of India’s space research organization ISRO and France’s CNES.
  • The use of TRISHNA is for ecosystem stress monitoring and water use monitoring.
  • GSAT-11 was launched from French Guiana in December 2018.
  • France has emerged as a major source of FDI for India with more than 1,000 French establishments already present in India with a total turnover of US $ 20 billion and employing around 300,000 persons.

India-France DTAA – India has Double Tax Avoidance Agreement with France.

India-France Exercise – Shakti Exercise is a bilateral exercise between India and France.

India-France Time Difference – There is a time difference of around four hours and thirty minutes.

India-France Naval Exercise – Varuna Exercise is the annual naval exercise between India and France.