JERUSALEM: India and Israel today signed seven agreements to increase cooperation in key sectors like space, agriculture and water conservation after Prime Minister Narendra Modi held in-depth talks with his Israeli counterpart Benjamin Netanyahu.
A Memorandum of Understanding (MoU) was signed for setting up of USD 40 million worth India-Israel Industrial Research and Development (R&D) and Technical Innovation Fund.
Prime Minister Modi said, “we are of one view that together our scientists and researchers would develop, build and implement mutually beneficial solutions in the field”.
“Our decision to establish a bilateral Technology Innovation Fund worth USD 40 million for research in industrial development will help us in achieving this goal.
“We regard thriving two-way trade and investment flows as the bedrock of a strong partnership. Prime Minister Netanyahu and I agreed on the need to do more in this direction. Businesses on both sides should take primary lead in such efforts,” he said. (AGENCIES)
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