BIMSTEC TECHNOLOGY TRANSFER CENTRE (TTF)

June 15, 2022

The Union Cabinet has approved a Memorandum of Association (MoA) by India for establishment of Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Technology Transfer Facility (TTF) for establishment of BIMSTEC Technology Transfer Centre at Colombo, Sri Lanka.

About:

This MoA was signed by the BIMSTEC member countries at the 5th BIMSTEC Summit held at Colombo, Sri Lanka on 30th March, 2022.
The TTF shall have a Governing Board and the overall control of activities of the TTF shall be vested in the Governing Board. The Governing Board shall consist of one nominee from each Member State.

The expected outcomes of the BIMSTEC TTF are:

Databank of technologies available in BIMSTEC Countries,
Transfer and use of technologies among BIMSTEC countries.

Source : PIB

Latest Current Affairs

See All

Key Facts about Katkari Tribe

Over 550 people from the Katkari trib...

Oct. 11, 2024 Polity & Governance

What is Footrot Disease?

The footrot disease is killing the sh...

Oct. 11, 2024 Science & Tech

What is Myopia?

A recent analysis of studies across t...

Oct. 11, 2024 Science & Tech

What is Ardetosaurus viator?

Paleontologists have identified a new...

Oct. 11, 2024 Environment

What is Humsafar Policy?

Aimed at providing wayside amenities ...

Oct. 11, 2024 Economy

Wayanad Wildlife Sanctuary

A two-day vulture survey that conclud...

Oct. 11, 2024 Environment

Red Panda

The Red Panda Program of Darjeeling’s...

Oct. 11, 2024 Environment

LUPEX Mission

Recently, the National Space Commissi...

Oct. 11, 2024 Science & Tech

Climate Risk Information System

The Reserve Bank of India proposes to...

Oct. 11, 2024 Economy

Living Planet Report

The Living Planet Report 2024 reveale...

Oct. 11, 2024 Environment