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MoU between ISRO and Bolivian Space Agency

ISRO

ISRO

The Union Cabinet chaired by Prime Minister Narendra Modi has given its ex-post facto approval to the Memorandum of Understanding (MoU) signed between India and Bolivia on Cooperation in the Exploration and Uses of Outer Space for Peaceful Purposes”.

The MoU was signed between the Indian Space Research Organisation (ISRO) and the Bolivian Space Agency on March 29,2019 at Santa Cruz de la Sierra, Bolivia during the visit of President of India to Bolivia.

 

Details:

 

Implementation Strategy and Targets:

The signed MoU would lead to concluding specific implementing Arrangement and setting up of Joint Working Group, to work out the plan of action including the time-frame and the means of implementing this MoU.

Major Impact:

The signed MoU will provide impetus to explore newer research activities and application possibilities in the field of remote sensing of the earth; satellite communication; satellite navigation; space science and planetary exploration.

Expenditure involved:

The financial contribution with respect to each specific activity would depend on the nature of Joint activity and will be detailed in corresponding Implementing Agreements (Arrangements) / Contracts.

Benefits:

This MoU would lead to develop a joint activity in the field of application of space technologies for the benefit of humanity.  Thus all sections and regions of the country will get benefited.

Background:

 

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