$12 mn grant for Indian techno park in Palestine

Ahead of Minister of State for External Affairs M J Akbar’s visit to Palestine, India inked an agreement to establish a techno park in Ramallah with a $12 million grant.

The decision to establish the park was announced during President Pranab Mukherjee’s visit to Palestine last year. According to the Ministry of External Affairs, India will be giving a grant of $12 million for setting up the Palestine-India Techno Park with $3million being provided every six months. The park will be a one-stop solution for all IT-related needs of business firms



and investors alike.

The signing of the agreement came as Akbar will be heading to Palestine on November 8 to participate in the first India-Palestine Joint Commission Meeting that wll be covering a plethora of issues covering economy, energy, tourism, agriculture, water and environment, education, health, IT, sports, culture, media etc.

India has last year signalled that it might rethink its foreign policy in the region when it abstained from a UN Human Rights Council vote criticising Tel Aviv for alleged war crimes in Gaza.