New Delhi: India's top business chamber, the Federation of Indian Chambers of Commerce and Industry (FICCI), is all set to sign three Memorandum of Understanding (MoUs), for cooperation with three leading US institutions.
As per sources, the MOUs would be signed on Monday, during the visit of Prime Minister Manmohan Singh. The first MoU is with IC2 Institute at the University of Texas, at Austin and calls for the implementation of new, distinctive programmes in India, with the aim of helping Indian innovators bring their ideas to the world.
FICCI and IC2 Institute have also jointly assessed 200 technologies from 26 Defence Research and Development Organization (DRDO) laboratories across India and seven licensing agreements have been finalized in the country. Many other licensing agreements under this programme are in the pipeline for Indian and foreign markets.
The second MoU with the Polytechnic Institute of New York University commits the organizations to a culture of innovation in India. Under this pact, NYU-Poly and FICCI will design and host activities to promote an understanding of how partnerships between government, industry, and educational institutions can encourage advances in research and bolster economic activity in India.
The third MoU with the Institute of International Education, Inc. (IIE) outlines an agreement to collaborate to promote and facilitate educational and training exchanges between the United States and India. IIE, a leading not-for-profit educational and cultural exchange organization in the United States, will collaborate with FICCI to facilitate more student exchanges and build academic partnerships between the two countries.
