The cooperation between India and Bolivia will provide an institutional mechanism in the field of  Geology and Mineral Resources.

India, Bolivia Unite To Work In The Field of Geology and Mineral Resources
India, Bolivia Unite To Work In The Field of Geology and Mineral Resources.

Prime Minister Narendra Modi led Union Cabinet on 15th of April has given ex-post facto approval to the MoU between India and Bolivia on Cooperation in the field of Geology and Mineral Resources.

The MoU was signed in Bolivia in March, 2019.

Impact:

The MoU will provide an institutional mechanism between India and Bolivia for cooperation in the field of Mineral Resources.

The MoU provides for Exchange of Information on resources, laws and policy, organization of seminars to exchange views on development strategies, encouragement of transfer of technologies between the two countries, promotion of value addition, which will enable taking up of activities like documentation and dissemination etc.