MTC collaborates with India for science and tech summit

This MOU will catalyse further economic collaboration, MTI said.

The Ministry of Trade and Industry (MTI), the Indian Department of Science and Technology (DST), and the Confederation of Indian Industry (CII) organised the India-Singapore Technology Summit 2022 on 23 February.

The two countries signed a memorandum of understanding (MOU) that encouraged the development and facilitation of collaborative projects in science, technology, and innovation. These projects could advance progress in research, innovation and technological development in the following sectors: advanced engineering and manufacturing; energy, climate and natural resources; health; and other emerging technologies.

MTI secretary Lee Chuan Teck said, "Singapore and India look forward to taking our economic collaboration further in the fields of science and technology. I am confident that this MOU will catalyse further economic collaboration as our research institutes and companies work together in areas such as climate change and healthcare."

Following the MOU, Enterprise Singapore and India's DST also signed an implementation agreement to bring together corporates and startups from both countries to develop innovative technologies and solutions. DST and ESG will open at least one call for proposal annually to invite joint proposals by Singapore and Indian companies and funding will be provided for the final approved innovation projects.