The purpose of the Agreement is to strengthen the cooperation in research and development activities in science  technology fields of common interest between the research institutions of the European Union Member States and India on the basis of parity, reciprocity and coinvestment of resources including funds
कराराला पाच वर्षांची मुदत वाढ मिळाल्यामुळे आता मे 2020 पर्यंत युरोपियन संघराज्याच्या सहकार्याने देशात सामाजिक आणि आर्थिक विकास कार्यक्रम राबविणे शक्य होणार आहे.