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India, Palestine sign MoU on techno park

India, Palestine sign MoU on techno park

India, Palestine sign MoU on techno park

India and Palestine on Monday signed a memorandum of understanding MoU for setting up a Palestine-India Techo Park in Ramallah the External Affairs Ministry said.

In a statement here the ministry said that during the visit of President Pranab Mukherjee to Palestine in October last year the announcement for setting up of park was made.nbsp;

According to the statement India has announced a grant of 12 million for setting up the park with payment of 3 million each on half-yearly basis for two years.nbsp;

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quot;The Palestinian side has made the land available for the projectquot; it said.nbsp;

quot;Once completed the Techno Park 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 businessUniversities and other institutions.quot;

The statement also said that the assistance was part of India’s strong commitment to support the Palestinian cause.nbsp;

quot;The project will help job creation business and other opportunities for young Palestiniansquot; it added.

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