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India and the Province of Saskatchewan, Canada, signed a Memorandum of Understanding (MoU) on Tuesday to establish a cooperation programme in the field of geology and mineral resources.
The MoU aims at establishing a basis for development of geological and mineral resources, to promote investment in mining and related activities such as mineral exploration and development, to encourage and foster mining investment, transfers of technology and joint ventures in India and Saskatchewan.
Saskatchewan is known world over as an important producer of minerals including potash, uranium, oil and gas, diamonds, etc and is an important trade partner of India. The areas of mutual interest identified are technologies, services and supplies related to prospecting, exploration, mining and beneficiation of mineral resources, training and human resources development in geosciences as well as minerals and metals sector, promotion of investment including fertiliser minerals, uranium, diamonds, among others.
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