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Cabinet approves the Memorandum of Understanding on cooperation in field of Geosciences between the Joint Stock Company Rosgeologia, Russia and the Geological Survey of India (GSI), India.

Objective

The main objective of this MoU is to extend mutual cooperation for technological collaboration on exploration for deep-seated and / or concealed mineral deposit; analysis and interpretation of the aero-geophysical data; PGE and REE Exploration and Research; Joint development of the Indian Geoscience Data repository with the Russian state-of-the-art Information Technology; exchange of technology & knowledge in the field of drilling, sampling and laboratory analysis to achieve data accuracy, and cost optimization; and training and capacity building of scientific personnel etc., between "both the parties in the fields of Geosciences.

Background

• Joint Stock Company Rosgeologia (ROSGEO) is the largest geological State holding company in the Russian Federation with a developed production and technical capabilities, high professional competences and a unique scope of accumulated geological information.
  
• The company performs all types of geological prospecting and exploration activities from regional surveys for all types of mineral resources to estimation of the reserves and commissioning of the fields into operation, it possesses the unique competence in the area of offshore geological and on-shelf operations.
  

Source: PIB