Saturday, February 26, 2011

India- Uruguay Sign MOU for Cooperation in Renewable Energy

Uruguay Minister of Industry, Energy & Mining Meets Farooq for South-South Cooperation in Energy Matters

Dr. Farooq Abdullah, Minister for New and Renewable Energy has assured Uruguay of India’s commitment for South-South cooperation in New and Renewable Energy matters. Welcoming Mr Roberto Kreimerman, Uruguay Minister of Industry, Energy & Mining who called on him here today, the Minister expressed satisfaction that Uruguayan experts have been imparted training in Renewable Energy Sources last year. Shri Deepak Gupta, Secretary, MNRE and senior officials of the Ministry of New and Renewable energy were also present at the meeting.

Earlier, signing the MOU for cooperation in Renewable energy with his Uruguayan counterpart, the Minister observed that this is a promising area where both our countries can work together. The two Ministers also discussed ways and means to promote bilateral cooperation in the field of biomass, solar and wind energy. “We need to enhance awareness about the potential for trade and investments between our two countries through participation in trade fairs, seminars and business conclaves”, Dr. Abdullah observed.

The Uruguay delegation is also scheduled to visit some of the Indian companies active in the field of Renewable Energy in Chennai and Pune later.The bilateral trade between the two countries has grown from US$ 58 million in 2009 to US$ 83 million in 2010. Indian exports are worth US$ 69 million which includes chemicals, automobile parts, pharmaceuticals, garments and synthetic fibers and Indian imports are worth US$ 14 million which includes wool, leather and wood.

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