Important MoUs (October) Part-II

Name of the MOU/treaty	Between
To cooperate in Information Technology, cybersecurity e.t.c	India and Russia
For the development of Yoga and Ayurveda	Ministry of AYUSH and USA
For distribution of energy efficiency Appliances	Between EESL & HPCL, BPCL and IOCL
Skill Development	India and Russia
To setup Mega Apparel park	Gujarat & Arvind limited

1. Indian & Russia firms signed agreement for IT Solutions:

• India and Russia have signed an agreement to cooperate in Information Technology and 
• The agreement also include cooperation in Smart City projects, cyber security and e-governance 

2. MOU between Yes bank and Abu Dhabi

• A Memorandum of understanding was signed between Yes Bank and International Financial Centre in Abu Dhabi. 
• The MOU helps to further foster cross-border exchange between the fintech ecosystems of the United Arab Emirates and India. 

3. MoU between NHO and AYUSH

• An MOU was signed between National Health Organization of USA and ministry of AYUSH for development of Ayurveda and Yoga.

4. MOU between EESL & IOCL, BPCL, HPCL

• For distribution of Energy Efficient appliances under UJALA scheme an MOU was signed between EESL and IOCL, BPCL & HPCL. 
• As per Memorandum of Understanding IOCL, BPCL & HPCL companies will take up the distribution of LED bulbs. 

5. MoU between India and Russia

• India and Russia have agreed to increase cooperation in the area of skill development at the ongoing World Skills Abu Dhabi (WSAD) event in the UAE.

6. Mega Apparel Park:

• An MOU was signed between Arvind limited (Textile company) and government of Gujarat to set up a mega apparel park in Dahegam in Ahmedabad district. 
• The total cost of the project is Rs. 300 cr. 

Other information:

1. UJALA scheme :

• Unnat Jyoti by Affordable LEDs for All 
• The main objective of UJALA scheme is to promote efficient lighting, enhance awareness on using efficient equipment which reduce electricity bills and help preserve environment. 

2. EESL:

• Energy efficiency services limited. 
• The EESL is setup for implementation of energy efficiency projects. 
• It is setup under Ministry of power. 

3. AYUSH:

AYUSH means
A- Ayurveda
Y- Yoga and Naturopathy
U- Unnani
S- Siddha
H- Homeopathy