The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi here.
"The MoU seeks to establish a wide-ranging and flexible mechanism for developing and furthering the cooperation in the development of automation, new documentation and information systems in IP. It provides an opportunity for collaboration in training programmes, exchange of experts and technical exchanges and outreach activities," an official statement said.
"Implementation of the MoU will result in enhancement of the capacity of the Office of Controller General of Patents, Designs & Trademarks to examine patent applications, which in turn will impact innovation positively," it added.
The Cabinet also gave its ex-post facto approval to the memorandum of understanding between India and Vietnam on Cooperation in the field of Information Technology (IT).
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"The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval to the MoU between India and Vietnam on Cooperation in the field of IT," Ministry of Communications & Information Technology said in a statement.
The MoU aims to develop a long-term and sustainable cooperation on the basis of equality and mutual interest in the areas of IT in line with each country's laws and regulations.
The MoU will remain in force for a period of five years and will be renewable by mutual written consent between India and Vietnam. It will be implemented by establishing a Joint Working Group on IT with representatives from both the countries.