List of Memorandum of Understanding (MoUs) signed by India in 2021 (Updated) – Download PDF

The state-owned aerospace and defense company, Hindustan Aeronautics Limited (HAL) has signed a Memorandum of Understanding (MoU) with Hyderabad-based Mishra Dhatu Nigam Limited (MIDHANI) for the development and production of composite raw materials for use in aerospace. This is the first time that such an MoU has been signed for composite raw materials. The MoU was signed during the Aero India 2021 on February 04, 2021, in Bengaluru.

Ford Motor Co has joined hands with Alphabet Inc’s Google to cooperate in software, artificial intelligence and cloud computing, to develop new consumer services and modernize internal operations. The automaker will deploy Google artificial intelligence technology to improve the efficiency of vehicle development, supply chain and manufacturing operations.

India has inked a strategic partnership agreement with the International Energy Agency (IEA), the world’s premier energy monitor, on 27 January 2021. The objective of the MoU is to strengthen cooperation in global energy security, stability and sustainability as well as strengthen mutual trust and cooperation between IEA members and the Government of India. The Memorandum of Understanding (MoU) was signed between Power Secretary Sanjiv Nandan Sahai and IEA Executive Director Fatih Birol. This deal will help India to gain full membership of IEA.

India and Japan signed a Memorandum of Cooperation (MoC) a Basic Framework for Partnership for Proper Operation of the System Pertaining to Specified Skilled Worker (SSW), to promote the movement of skilled workers from India to Japan. The MoC was signed between Foreign Secretary Harsh Vardhan Shringla and Ambassador of Japan to India Suzuki Satoshi.

India and Japan have signed an MoU to enhance cooperation in the field of Information and Communications Technologies (ICT) via videoconferencing. The MoU was signed between Union Minister for Communications, Electronics and IT Ravi Shankar Prasad and the Japanese Minister for Internal Affairs and Communications Takeda Ryota. Both countries will enhance mutual cooperation in the field of 5G technologies, telecom security, submarine optical fibre cable system to islands of India, spectrum management, smart cities, high altitude platform for broadband in unconnected areas, disaster management and public safety etc.

Financial Software and Systems (FSS), a leading payment processor and provider of integrated payment products, has partnered with India Post Payments Bank (IPPB) to promote financial inclusion among underserved and unbanked segments. IPPB will use FSS’ Aadhaar Enabled Payment System (AePS) to deliver interoperable and affordable doorstep banking services to customers across India.

NITI Aayog and Flipkart, have come together to launch the revamped Women Entrepreneurship Platform. The Women Entrepreneurship Platform (WEP) is a unified access portal which brings together women from different parts of India to realise their entrepreneurial aspirations. The idea of the platform was first mooted by Amitabh Kant, CEO, NITI Aayog who announced the setting-up of a Women Entrepreneurship Platform in NITI Aayog at the conclusion of the 8th Global Entrepreneurship Summit (GES) held in Hyderabad in 2017, with an overarching theme of ‘Women first, prosperity for all’.

Bharat Biotech has announced that it has signed an agreement with Precisa Medicamentos for the supply of its indigenously manufactured Covid-19 vaccine ‘Covaxin’ to Brazil. The supplies of Covaxin will be prioritized for the public market, through direct procurement by Brazil government. A team from Precisa Medicamentos had visited the Bharat Biotech facility in Genome Valley near here last week to discuss export of COVAXIN, India’s first indigenous vaccine for Covid-19.

NHPC Limited has signed an MOU with the Indian Renewable Energy Development Agency (IREDA) for providing assistance in setting up renewable energy (RE) projects for the next 5 years. The agreement was signed in the presence of Abhay Kumar Singh, NHPC CMD, and IREDA, CMD, Pradip Kumar Das. NHPC will help in the knowledge and technology transfer and provide consultancy and research services. NHPC has undertaken an ambitious plan to make a significant impact on the renewable energy landscape of the country.

Punjab National Bank has partnered with IIT Kanpur and the Foundation for Innovation & Research in Science & Technology (FIRST) to set up a ‘Fintech Innovation Centre (FIC)’ at the institute’s campus. PNB and IIT Kanpur will jointly work to set up this innovation centre as a vehicle for research and development of technological solutions, with the help of FIRST, to address challenges and explore opportunities in the Banking, financial services and insurance (BFSI) space.

Tata Power, India’s largest integrated power company, announced its partnership with SIDBI (Small Industries Development Bank of India) to offer easy and affordable financing scheme for MSME customers in the rooftop solar segment. This scheme will empower MSMEs to adopt sustainable energy for their businesses and promote greener.

Pimpri Chinchwad Municipal Corporation, Pune has recently signed an MoU with United Nations Development Programme (UNDP) India to co-create India’s first Social Impact Bond (SIB). This is the first time that a government body will act as the ‘outcome funder’ in a bond, whereas traditionally most government-funded public projects require large and early investments by the government with a substantial gestation period of outcomes and involve various kinds of risks.

The Norwegian Institute of Bioeconomy Research (NIBIO) has signed an MoU with cGanga, a think-tank of National Mission for Clean Ganga (NMCG) for development of sludge management framework in India. Through this initiative, Norway intends to deepen the relationship with India especially in the prevention of climate change and conservation of the environment. The MoU was signed during the 5th edition of the India Water Impact 2020, held from 10-15 December 2020. The event is co-organised by National Mission for Clean Ganga and Centre for Ganga River Basin Management and Studies.

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