A Memorandum of Understanding (MoU) was entered on the 4th day of July 2024 by and between the Managing Director GMDC, acting through the Chief Executive Officer of the Gujarat Mineral Research Industrial Consultancy Society (GMRICS), and The Mafatlal Gagalbhai Science Institute (M. G. Science Institute), affiliated to the Gujarat University, established under The Ahmedabad Education Society (AES), acting through its Principal.

The M. G. Science Institute has been a temple of learning for more than seven decades. The Institute has been affiliated with the Gujarat University since its establishment in 1946, and it has a grant-in-aid status from the Government of Gujarat. The M. G. Science Institute is a leading institute offering undergraduate and postgraduate courses in various science disciplines. Ten subjects are taught at the undergraduate level, and two subjects (Geology and Chemistry) at Post Graduate level. Ph.D. programs in geology, chemistry, and statistics are also going on. All the faculties of the Geology department are recognised PhD guides of Gujarat University, and 16 students have been awarded PhD degrees.

Realising the mutual interests, the Parties have agreed to create a long­ term partnership in Research, Education, and Training, including undertaking collaborative Research in the areas of mutual interest supported by funding through the respective institutions according to the broad framework outlined in this Memorandum of Understanding to facilitate advancement of knowledge based on reciprocity-based efforts, mutual benefits and regular interactions and monitoring.

This MoU shall be valid for five years and may be extended for up to 5 years by mutual consent.