Cabinet Approves of MoU in Geosciences between Russia and India

Union Cabinet chaired by PM Modi, approved signing of MoU in Geosciences between ROSGEO and GSI

NewsBharati    08-Sep-2021
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New Delhi, September 08: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the signing of the Memorandum of Understanding or MoU on cooperation in Geosciences between Joint Stock Company Rosgeologia (referred as ROSGEO), a legal entity incorporated under the laws of the Russian Federation and the Geological Survey of India or GSI, Ministry of Mines, Government of India.

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The main objectives of this MoU is extending mutual co-operation for technological collaboration on the exploration for deep-seated / concealed mineral deposit; analysis and interpretation of the aero-geophysical data; PGE, REE Exploration and Research; Joint development of the Indian Geoscience Data repository with the Russian state-of-the-art Information Technology; exchange of technology & knowledge in the field of drilling, sampling and laboratory analysis to achieve data accuracy, and cost optimization; and training and capacity building of scientific personnel etc. between both parties in Geosciences.
 
 
 
This MoU is beneficial, especially in order to provide an umbrella framework for the co-operation between GSI and ROSGEO in Geosciences.
 
 
ROSGEO is the biggest geological State holding company in Russian Federation with an improved production and technical capabilities. The company performs various kinds of geological prospecting and exploration activities.
During the visit to India in the year 2020, a delegation of ROSGEO met with the Ministry of Mines and Geological Survey of India (GSI) to discuss perspectives of Cooperation in exploration works in Delhi. In this meeting, an MoU was proposed to be signed between GSI and ROSGEO on cooperation in the Field of Geosciences. Accordingly, GSI finalized a draft MoU in consultation with ROSGEO.