AIIMS said that an exchange programme for researchers of both the countries to learn from each other in the fields of infection and neurological diseases will also be initiated.
AIIMS in collaboration with France-based FAM-Medical Academy Foundation and the French Embassy in India have decided to develop cheaper cancer and cardiovascular drugs.
Also, an exchange programme for researchers of both the countries to learn from each other in the fields of infection and neurological diseases will be initiated.
"France and India share a long tradition of cooperation in sciences and technology based on more than 60 years of history. The exchange research programme will help in finding the possible advanced treatments in the field of cardiovascular and neurological treatment," said Jean Marie, President of FAM, addressing media.
"This conclave has given us an opportunity to gain an insight into the medical development and innovations which shall prove to be mutually beneficial," said AIIMS Director M C Mishra.
The two countries have jointly developed a new anti-fertility medicine which is likely to be sold at a cheaper rate in the market in comparison to other infertility correction methods such as IVF.
However, as per AIIMS, the medicine is currently in trial and will take a year at least to be available in the market.