India Inc India Inc: Friday, 12 January 2018 06:12

Israel to invest $68.6mn to boost cooperation with India

Israel will invest $68.6 million to boost cooperation with India in areas like tourism, technology, agriculture and innovation over a period of four years.

The commitment is in addition to the India-Israel Industrial R&D and Technological Innovation Fund of $40 million over five years with equal contribution from both sides that has already been agreed between the two sides, deputy director general of Israel’s foreign ministry.

Israeli Prime Minister Benjamin Netanyahu will be leading a high-profile delegation comprising 130 businessmen from 102 Israeli companies drawn from areas like agriculture, water, cyber security, health care and security on his four-day trip to India starting 14 January.

Several MoUs, including in the field of oil and gas, renewable energy, amended protocol for airports, cyber security, co-production of films and documentaries will be signed between the two sides. Israel’s Saare Tzedek hospital would be signing an agreement with India’s ministry of health and family welfare as well. Technion-Israel Institute of Technology would also be signing an agreement with ministry of science and technology.

India Investment Journal’ has in-depth coverage on related topics.

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