India and Russia have signed an agreement for cooperation in the development of a network of 25 integrated infrastructure Agro irradiation centres.
The agreement was signed between Indian Agricultural Association, Hindustan Agro Co-Op Ltd (HACL) and United Innovation Corporation (UIC), a subsidiary of ROSATOM State Atomic Energy Corporation of Russia.
As part of the agreement, India-Russia joint venture (JV) will be formed in which HACL will have the majority 51% stakeholding. UIC will be a technology partner and will help set up the irradiation centres.
In first phase 7 centers will be set up in Maharashtra in Sindhurg, Satara, Solapur, JNPT, Jalana, Napur and Pune.
Importance of Agreement
For the first time paves the way for establishment of network of integrated infrastructure irradiation centres in India to reduce agricultural losses.
These irradiation centres will help in treatment of perishable food items to improve shelf life and cut post-harvest losses.
It will further increase basket perishable items for irradiation process on a commercial scale ranging from flowers to fish. Expand India-Russia cooperation in civil nuclear energy.
Current Affairs 14th October, 2016 Current Affairs Round Up Bullet Points, September, 2016 Current Affairs Round Up Bullet Points, August, 2016
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