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Busi­ness groups see the mul­ti­ple Mem­o­ran­da of Un­der­stand­ing (MoUs) be­tween T&T and In­dia as hav­ing the po­ten­tial to push mean­ing­ful trans­for­ma­tion across key sec­tors, in­clud­ing health, agri­cul­ture, re­new­able en­er­gy, jus­tice, ed­u­ca­tion and trade.

T&T Cham­ber of In­dus­try and Com­merce (T&T Cham­ber) chief ex­ec­u­tive of­fi­cer Vashti Guyadeen said the MoU on Phar­ma­copeial Co­op­er­a­tion opens the door to more af­ford­able, high-qual­i­ty gener­ic drugs, po­ten­tial­ly re­duc­ing na­tion­al health­care costs and im­prov­ing ac­cess for un­der­served com­mu­ni­ties.

Guyadeen not­ed that the pro­vi­sions for rur­al de­vel­op­ment and agri­cul­ture can fa­cil­i­tate the trans­fer of In­dia’s in­no­va­tions in ir­ri­ga­tion, agri-tech, and val­ue chain in­te­gra­tion—ar­eas that have rev­o­lu­tionised its rur­al econ­o­my.  These, she said, can be adapt­ed to en­hance food se­cu­ri­ty and re­duce the coun­try’s high food im­port bill.