The Indian Ocean Rim Association - Regional Centre for Science and Technology Transfer (IORA-RCSTT) Coordination Centre was inaugurated on 7 May 2018 at the Central Institute of Medicinal and Aromatic Plants (CIMAP) campus of the Council of Scientific and Industrial Research (CSIR) in Lucknow. The establishment of the Centre follows the signing of an MoU between CSIR-CIMAP and the Tehran based IORA-RCSTT on 24 February 2018 in Tehran.
With the setting up of the Centre, one of India’s IORA initiatives has now come to fruition. The Centre will be a useful platform not only to disseminate knowledge of the myriad use and benefits of medicinal plants among the IORA Member States, but also help them commercialize their available resources optimally. By institutionalizing the cooperation in this field, the three-fold objective of technical cooperation, technology transfer and commercialization is expected to be met to the benefit of the IORA Member States.
The establishment of the Centre is funded by the Indian Ministry of External Affairs, which would also be sponsoring its activities and Work Plan over the next five years.