MOU between India and Palestine

MOU between India and Palestine

Question: Recently India and Palestine signed the Memorandum of Understanding (MOU) for setting up of Palestine-India Techo Park in-

(a) Ramallah
(b) Hebron
(c) Jenin
(d) Nablus
Ans: (a)
Related facts:

  • On 31 October 2016 India and Palestine signed the Memorandum of Understanding (MOU) for setting up of Palestine-India Techo Park in Ramallah.
  • Government of India has announced grant of US$ 12 million for setting up the Park with payment of US$ 3 million each on half-yearly basis for 2 years.
  • Palestinian side has made the land available for the project.
  • The Technopark will serve as an IT hub in Palestine with complete IT facilties offering a one-stop solution to all IT-related service requirements, providing state-of-the-art technology, hosting IT companies and foreign companies benefitting local business, Universities and other institutions.
  • The project will help job creation, business and other opportunities for young Palestinians.

Reference:
http://www.mea.gov.in/press-releases.htm?dtl/27555/MOU_signed_between_India_and_Palestine_for_setting_up_of_PalestineIndia_Techno_Park_in_Ramallah
http://www.business-standard.com/article/news-ani/india-palestine-sign-mou-for-setting-up-techno-park-in-ramallah-116103101035_1.html
http://economictimes.indiatimes.com/tech/ites/india-palestine-ink-pact-for-setting-up-of-techno-park-in-ramallah/articleshow/55158699.cms