India and Finland MoU on geology, mineral resources cleared by Union Cabinet
The MoU aims to provide bilateral benefits in economic, social, and environmental factors
The Union Cabinet today ratified a Memorandum of Understanding (MoU) for cooperation in the field of geology and mineral resources between India and Finland.
It was in the form of an agreement with the Geological Survey of India, Ministry of Mines, the Government of the Republic of India and Geological Survey of Finland (Geologiantutkimuskeskus), Ministry of Employment and the Economy, the Government of Finland, said an official statement.
The MoU acts as a liaison through a partnership in the field of geology, training, mineral prognostication and suitability analysis, Seismic, 3/4D modeling and other geophysical surveys decided to bolster the scientific connections between the organisations.
According to the statement, it emphasizes to lay out a framework and as a platform to strengthen the cooperation in the fields of geology, mineral resources between the participants for mutual economic, social and environmental benefit, as per the press statement.
It would consist of anecdotes on geological data management and information dissemination to foster exploration and mining, in the areas of geology and mineral resources.
Geological Survey of India (GSI) is a leading geo-scientific organisation of the Government of India of global repute for creation and updation of national geoscientific information and mineral resource assessment.
Its objectives are attained through various ways which include ground surveys, air-borne and marine surveys, mineral prospecting and investigations, geo-technical, multi-disciplinary geoscientific, geo-environmental and natural hazards studies, glaciology, seismotectonic study, and by working on fundamental research.
Moreover, the Geological Survey of Finland has proficiency in multi-thematic data integration and analysis using spatial platform with special focus on 3/4D modeling for mineral prognostication, hazard management, environmental impact assessment.