India & Guyana sign MoUs on setting up UPI-like system, cooperating in hydrocarbons and agriculture
| 2024-11-21
India’s Prime Minister Narendra Modi meets Guyana’s President Mohamed Irfaan Ali in Georgetown on November 20, 2024.
These crucial MoUs will greatly benefit the people of India and Guyana, says Prime Minister Modi
Signalling their intent to forge a deep and meaningful bilateral partnership, India and Guyana have signed 10 Memoranda of Understanding (MoUs) across diverse sectors ranging from digital payments to hydrocarbons and agriculture.
The list of MoUs signed in Georgetown on November 20, 2024, during Prime Minister Narendra Modi's visit to Guyana, includes one on facilitating a payments system like the United Payments Interface (UPI) in Guyana and another on sharing of successful digital solutions.
The two countries have also resolved to collaborate on hydrocarbons across the entire value chain, including crude and natural gas. Another MoU seeks to promote cooperation in the fields of agriculture and allied sectors.
“These crucial MoUs will greatly benefit the people of India and Guyana!” Prime Minister Modi said on social media platform X.
The 10 MoUs that have been signed are:
1. MoU on Cooperation in Hydrocarbons Sector: The cooperation on the subject includes sourcing of crude, collaboration in natural gas, development of infrastructure, capacity building & sharing expertise in the entire hydrocarbon value chain.
The list of MoUs signed in Georgetown on November 20, 2024, during Prime Minister Narendra Modi's visit to Guyana, includes one on facilitating a payments system like the United Payments Interface (UPI) in Guyana and another on sharing of successful digital solutions.
The two countries have also resolved to collaborate on hydrocarbons across the entire value chain, including crude and natural gas. Another MoU seeks to promote cooperation in the fields of agriculture and allied sectors.
“These crucial MoUs will greatly benefit the people of India and Guyana!” Prime Minister Modi said on social media platform X.
The 10 MoUs that have been signed are:
1. MoU on Cooperation in Hydrocarbons Sector: The cooperation on the subject includes sourcing of crude, collaboration in natural gas, development of infrastructure, capacity building & sharing expertise in the entire hydrocarbon value chain.
2. MoU for Bilateral Cooperation in the field of Agriculture and Allied Sectors: To promote cooperation in the fields of agriculture and allied sectors through joint activities, exchange of scientific materials, information and Personnel.
3. Cultural Exchange Programme (2024-27): Aims to strengthen cultural cooperation between India and Guyana including the promotion of cultural exchanges and cooperation in the fields of theatre, music, fine arts, literature, library and museum affairs.
4. MoU for Recognition of Indian Pharmacopoeia between Indian Pharmacopoeia Commission, Ministry of Health & Family Welfare and Ministry of Health, Guyana: To recognize the importance of developing close cooperation and exchanging information in the field of the regulation of medicines in accordance with their respective laws and regulations.
5. MoU between M/s HLL Lifecare Ltd and the Ministry of Health of Guyana for implementation of Janaushadhi Scheme (PMBJP): Supply of medicines to Public Procurement Agencies of CARICOM countries at affordable prices under the PMBJP Program.
6. MoU between CDSCO and Ministry of Health of Guyana on cooperation in the field of medical products: Aims to establish the Medical Products Regulation Dialogue and Cooperation Framework in regards to pharmaceuticals including raw materials for pharmaceutical use, biological products, medical devices and cosmetic products.
7. INDIA STACK MoU on Cooperation in the field of sharing successful digital solutions implemented at population scale for digital transformation: To establish cooperation in the areas of digital transformation by means of capacity building, training programmes, exchange of best practices, exchange of public officials and experts, development of pilot or demo solutions, etc.
8. MoU between NPCI International Payments Ltd and Ministry of Foreign Affairs, Guyana for enabling deployment of UPI like system in Guyana: The objective of the MoU is to understand the desire to enter into each other for the possibility for deployment of UPI like real time payment system in Guyana.
9. MoU on Cooperation and collaboration in the field of Broadcasting between Prasar Bharti and National Communications Network, Guyana: To exchange programmes in the fields of culture, education, science, entertainment, sports, news as areas of mutual interest.
10. MoU between NDI (National Defence Institute, Guyana) & RRU (Rashtriya Raksha University, Gujarat): The MoU aims to establish a collaborative framework between the two institutes to enhance research, education, and training in national security & defence studies.
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