Consider the following statements regarding lsquo BIMSTEC Technology Transfer Centre rsquo The centr...........

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Consider the following statements regarding ‘BIMSTEC Technology Transfer Centre’

The centre shall facilitate transfer of technologies among the BIMSTEC Member States only
Overall control of activities of the TTF shall be vested in the Governing Board of the BIMSTEC

Select the correct statement.

1 only

2 only

Both

None

Explanation:

Recently, Cabinet approved Memorandum of Association (MoA) by India for establishment of BIMSTEC Technology Transfer Centre at Colombo, Sri Lanka.

The main objectives of the BIMSTEC TTF are to coordinate, facilitate and strengthen cooperation in technology transfer among the BIMSTEC Member States by promoting the transfer of technologies, sharing of experiences and capacity building.
The TTF shall have a Governing Board and the overall control of activities of the TTF shall be vested in the Governing Board. The Governing Board shall consist of one nominee from each Member State.

Hence only statement 1st is correct.

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