By Shalvi Singh, WBNUJS, Kolkata.
The diplomatic relations between India and Belgium were established in 1948. Of late, Belgium has acknowledged the importance of India’s global role in economic spheres. In the past, both the countries had co-operated in the field of trade, investment and education. The Union Cabinet on 5th November 2015, approved a Memorandum of Understanding (MoU) signed between Indian and Belgium government authorities at the federal and regional level on energy. The objective of this MoU is “to encourage and promote technical bilateral cooperation on new and renewable energy issues on the basis of mutual benefit, equality and reciprocity.” Both the countries would focus on the development of renewable energy technologies in the field of solar energy, wind energy, biomass, geothermal energy and marine energy. This MoU would help in strengthening bilateral cooperations between the two countries. It would also aid Foreign Direct Investment (FDI) in the renewable energy sector by bringing in more and more sophisticated technology in India. (more…)