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India and Israel launch technology fund to prepare for digital age
Life in Israel
India and Israel launch technology fund to prepare for digital age

Israel and India launched a technology fund today aimed at growing the countries' business relationship and signed seven accords boosting cooperation in areas ranging from space research to water and agriculture.

The Israel India Innovation Initiative Fund, or I4F, was announced during an unprecedented visit to Israel by Prime Minister Narendra Modi, who is looking for military and other technologies as he seeks to move his country aggressively into the digital age. Israel, whose export-focused economy relies heavily on technology, is eager to penetrate India's market of 1.3 billion citizens.

The two governments on Thursday announced a strategic partnership for water that focuses on conservation, agricultural use of treated wastewater, and on cleaning the Ganga and other rivers. The sides stressed the importance of defence collaboration and said future deals should include the transfer of Israeli technology, in line with PM Modi's Make In India initiative. Three separate memorandums of understanding or MoUs were signed for space research.

"This is a great day," Israeli Prime Minister Binyamin Netanyahu said during a working lunch in Jerusalem, according to comments released by his office. "I have a feeling that today India and Israel are changing our world."

 Click here to read the full article in NDTV

Thursday, July 13, 2017
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