IBSD signs historic VITO deal

CHRONICLE BUREAU NEW_DELHI, 9th Nov: A historic Memorandum of Understanding (MoU) has been signed Thursday between the Manipur-based Institute of Bioresources and Sustainable Development (IBSD) which is under Department of Biotechnology, Govt of India and the Belgium-based Vision on Technology (Vito) for collaboration in the field of climate change, environment, water management, biotechnology, bamboo refinery, bioresources management etc.

The MoU was signed in a ceremony held at Hotel Taj during the visit of King and Queen of Belgium to India.

Signatures on the MoU were appended IBSD director Prof Dinabandhu Sahoo and VITO managing director Dr Dirk Fransaer. Federal Deputy Prime Minister and Minister of Foreign Affairs and European Affairs, Didier Reynders; Federal Secretary of State for Foreign Trade Pieter De Crem; and Minister-President of the Brussels-Capital Region as well as Ambassador of Belgium to India, Rudi Vervoort were also present during the signing of the MoU.

Inclusive of the one with IBSD, in all 16 MoUs were signed during the ceremony with Indian counterparts which included ADANI Group, CII, Pharmaceutical Industry, Bharat Electronics, Govt of Meghalaya, IIT Kanpur, etc.

Professor Sahoo said that being the only research based institute from North East and the entire country, IBSD was very fortunate to be chosen and be a part of the historic event. He stressed that this MoU was very important for both the countries, especially for socio economic development of North East region. With Indian resources and Belgium technologies, a lot of development can be brought about at the grass root level and change the lives of people, he added.

After getting an audience with the King of Belgium, Sahoo informed that more developmental projects will be brought to NE. He added that the MoU has taken place at a time when both nations are celebrating 70 years of diplomatic ties and is aimed towards deepening the overall political and economic engagement between the two countries.

In their visit to India, the Royal couple is being accompanied by six Ministers and a high powered business delegation comprising CEOs of about 90 Belgian companies, 13 heads of academic institutions and a 30-member media delegation.

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