The purpose of this MoU is to pursue future cooperative activities in the exploration and use of outer space exclusively for peaceful purposes in accordance with the laws and regulations applicable in each country and their international obligations, read a government statement.
This MoU provides scope for pursuing cooperation in various areas of space science technology and applications including: eearth observation, satellite communication and navigation; exploration and space sciences; Research and development (space systems and space technology); and Space industry promotion.
ISRO and JAXA will bear the costs of their respective activities under this Memorandum, unless they decide otherwise in writing. Ability to fulfil their respective roles and activities under this Memorandum and its relevant separate Implementation Arrangement is subject to their respective funding procedures, the availability of appropriated funds and their respective national laws.
Framework MoU would lead to joint activity in the field of application of space technologies for the benefit of humanity. Thus all sections and regions of the country will get benefited.
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