The Union Cabinet on Wednesday approved the signing of a memorandum of understanding (MoU) with Bhutan for cooperation in the field of environment protection and management of natural resources.
The MoU, cleared at a meeting chaired by Prime Minister Narendra Modi, “will enable establishment and promotion of closer and long-term cooperation in environment protection and management of natural resources on the basis of equity, reciprocity and mutual benefits, taking into account the laws and legal provisions in each country,” the government said.
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The MoU will cover air, waste, chemical management, climate change and other areas and will remain in force for 10 years from the date of signing.
“The MoU shall facilitate exchange of experiences, best practices and technical knowhow through both public and private sectors and shall contribute to sustainable development. It provides the possibility for joint projects in areas of mutual interest. However, no significant employment generation is envisaged,” the government said.