Recent 6 months news in Agreements

The Jawaharlal Nehru Port Authority (JNPA) has signed an agreement in New Delhi with the International Finance Corporation (IFC), a member of the World Bank Group, for the first blue financing loan in India worth $70 million (₹672 crore).

The loan is structured as a 10-year United States Dollar (USD)-linked External Commercial Borrowing (ECB). The funds will be utilized to develop Shore Power Supply (SPS) infrastructure across the terminals of the JNPA in Navi Mumbai, Maharashtra.

Tata Projects Ltd (TPL) has signed an MoU with Canada-based MDS Aero Support Corporation (MDS Aero) to develop advanced aero-engine testing infrastructure in India.

Hindustan Aeronautics Ltd (HAL) has signed an MoU with SkyPulse Solutions International Financial Services Centre (IFSC) Pvt Ltd for the acquisition, financing, leasing, and lifecycle support of 30 HAL-manufactured helicopters (single and twin-engine variants).

The deal is valued at ₹2,491 crore. The induction of the helicopters is scheduled to begin in FY28.

The Technology Development Board has signed an agreement with the Bengaluru-based BigEndian Semiconductors to provide financial assistance of ₹130 crore for the execution of “Project VeerAI”. The total cost of the project is estimated at ₹260 crore.

The financial support is sanctioned under the Research Development and Innovation (RDI) Fund. The project aims to advance the technology from Technology Readiness Level (TRL)-5 to TRL-9 to ensure its commercial readiness.

The Indian Institute of Engineering Science and Technology (IIEST) in West Bengal has signed an MoU with Tata Consultancy Services (TCS) to establish a state-of-the-art CoE in AI on the campus of the former.

The centre aims to facilitate advanced research and collaborative development in the field of AI.

The Technology Development Board (TDB) has signed an agreement with the Chennai-based Agnikul Cosmos Pvt Ltd to facilitate the development of the ‘Agnibaan’ Reusable Launch Vehicle (RLV).

The project involves a financial commitment of ₹200 crore, which will be provided through Optionally Convertible Debentures (OCD) under the Research Development and Innovation (RDI) Fund.

Digital Bharat Nidhi (DBN) under the Department of Telecommunications (DoT) has signed an agreement for the implementation of the Amended BharatNet Program (ABP) in Maharashtra under a State-led model.

The agreement was formalized through a collaboration between the Maharashtra government, MahaNet Digital Infrastructure Ltd (MDIL), Bharat Sanchar Nigam Ltd (BSNL), and Maharashtra Information Technology Corporation Ltd (MahaIT).

The Indian Council of Agricultural Research (ICAR) has signed an MoU with the Food Corporation of India (FCI) to conduct research on alternative fumigation technologies for the safe and sustainable management of storage pests in wheat and rice.

The two-year Phase-I project will be implemented by the Ludhiana-based ICAR - Central Institute of Post-Harvest Engineering and Technology (CIPHET).

The ISRO and the European Space Agency (ESA) have extended their Cooperative Agreement for 5 years until January 8, 2032.

The agreement was formalized through an exchange of letters signed in Paris, France, during the International Space Summit.

The Ministry of Minority Affairs (MoMA) has signed MoUs with prominent academic, research, and innovation institutions, including the IIT Madras, the IISc Bengaluru, and IIM Bangalore, to enhance scheme implementation, monitoring, infrastructure quality, and innovation ecosystems.

The National Rural Infrastructure Development Agency (NRIDA) under the Ministry of Rural Development has signed an MoU with the Indian Institute of Management Kolkata (IIM Kolkata) to conduct a 4-year longitudinal Impact Assessment Study of roads built under the PM Gram Sadak Yojana - IV (PMGSY-IV) and the PM Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN).

The Technology Development Board (TDB) has signed an agreement with Multi Nano Sense Technologies Pvt Ltd to provide financial support of ₹37.51 crore under the Research Development and Innovation (RDI) Fund.

The total approved cost of the project is ₹75.02 crore. The project focuses on the development of a Platform Micro-Electro-Mechanical Systems (MEMS) + Analog Front-End (AFE) System-on-Chip (SoC) Multi-Gas Sensor to elevate its technology readiness from Technology Readiness Level (TRL)-4 to TRL-9.

The Indian Institute of Technology (Banaras Hindu University) (IIT-BHU) has signed an MoU with the USA-based University of Michigan to strengthen research collaboration in electric mobility, focusing on electric vehicles (EVs) and sustainable mobility innovation.

The Ministry of Tribal Affairs has signed an MoU with the Indira Gandhi National Centre for the Arts (IGNCA), an autonomous trust under the Ministry of Culture, for the preservation, documentation, digitalisation, research, and promotion of the diverse tribal cultural heritage of India.

The Ministry of Micro, Small and Medium Enterprises (MSME) has signed an MoU with the Ministry of Statistics and Programme Implementation to develop and strengthen the Statistical Business Register.

The agreement facilitates a framework for sharing information from the Udyam Registration ecosystem.

The Ministry of Tourism has partnered with the Open Network for Digital Commerce (ONDC) to develop the ‘National Digital Tourism Stack’.

Union Minister Gajendra Shekhawat launched the project at Bharat Mandapam in New Delhi to mark World Tourism Day on September 27. The initiative aims to bring 23,000 tourism experiences and homestays on board to make them discoverable, trustable, and bookable by the end of 2028, with the support of the International Centre for DPI Innovation and Advancement (ICDIA).

The Indo-Russia Innopraktika Tech Hub (IRITH) has signed 4 strategic agreements during the “INNOPROM India 2026” International Industrial Trade Fair held at Bharat Mandapam, New Delhi.

Under the agreements, a CoE for AI and cybersecurity will be established at Gorky Tech. To facilitate cross-border investment, an agreement was signed with Russian Direct Investment Fund (RDIF). Additionally, the Russian company NexTouch will set up a joint venture in India, and SberMedAI will collaborate on the implementation of AI and IT applications in the healthcare sector.

Tata Steel has extended the Joint Letter of Intent (JLoI) with the Netherlands government and the Province of North Holland for the “Green Steel Project” until March 1, 2027.

The extension aims to facilitate continued discussions regarding the decarbonization of the industrial operations of the steelmaker in the Netherlands.

The International Institute of Information Technology Bangalore (IIIT-Bangalore) has signed a Letter of Intent (LOI) with the Taipei Computer Association (TCA) to explore collaborative opportunities in emerging technology domains.

The agreement was signed during the ‘Electronica India 2026’ event, an international trade fair for electronic components, systems, and applications, held in Bengaluru.

Nibe Ltd has signed an MoU with France-based Naval Group to establish a framework for cooperation in naval shipbuilding and the development of defence platforms.