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RICS, IOS sign MoU to advance Valuation Education and Regulation in India

Kolkata, March 6, 2023: RICS has announced the signing of a Memorandum of
Understanding (MOU) with the Institution of Surveyors (IOS). A press release issued by
RICS says that the MOU is part of RICS’ commitment to supporting Valuation
professionals in India.

To mark the signing of the MOU, RICS and IOS held a launch event in Kolkata featuring
a panel discussion on the importance of education and regulation of the Valuation
profession in India. The speakers, drawn from both RICS and IOS, provided insights
into the role of the professions in supporting the economy and the need for quality
standards in Valuation.

Speaking on the occasion, Ashwani Awasthi, Managing Director – South Asia, RICS said, “The signing of the MOU between RICS and IOS marks a significant milestone in RICS’ mission to support quality and excellence in Valuation. We are committed to protecting and promoting Valuation professionalism in India and deepening our collaborative relationship with the Institution of Surveyors.”

Suvasis Paul, Vice President, IOS – “I am delighted that we have finally come to this
day. We had worked jointly for last one year to materialise this. This is historic as this
MOU is between Institution of Surveyors(I)  the oldest national professional institution
and Royal Institution of Chartered Surveyors (RICS) the oldest international
professional institution on Surveying and Valuation. This MOU commits us to work
together closely towards our common goal of development of valuation profession,
educational developments, setting up the standards, professional ethics, spread
awareness among the stakeholders, strong pursue for professional regulations &
deployment of qualified professionals.”