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SCO meet: India plans special working group on startups, innovation

12:12 PM Oct 16, 2021 | Agencies

Minister of State for Commerce and Industry Anupriya Patel proposed a framework to create a new Special Working Group on Startups and Innovation at the 20th Shanghai Cooperation Organisation meet (SCO).

Stressing on the need for effective cooperation between the member states for a balanced and equitable growth in trade and commerce, Patel proposed the creation of a new Special Working Group on Startups and Innovation and for setting up a new Expert Working Group on Cooperation in Traditional Medicine.

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"She also stated that cooperation in the field of startups and innovation can be a focal point in reviving our economies from the consequences of the pandemic," the Ministry of Commerce & Industry said in a statement.

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She highlighted that there is "a significant gap in digital technologies between developed ang developing countries which needs to be narrowed down by building digital capacities".

On the environment issues, the minister welcomed the need for environment protection and mitigation of adverse effects of climate change. She also stressed that the climate agenda should not introduce measures which becomes unnecessary barriers to trade.

In her concluding remarks, Patel emphasised that SCO members must prepare, act and stand in solidarity with each other and pursue an agenda that is equitable and inclusive and development oriented.

(With inputs from IANS)

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