Key agreements signed between India and Israel during PM Modi's three-day visit

India and Israel today signed seven agreements to increase cooperation in key sectors like space, agriculture and water conservation after PM Modi held in-depth talks with Benjamin Netanyahu.

Published: 05th July 2017 06:45 PM  |   Last Updated: 05th July 2017 06:45 PM   |  A+A-

Indian Prime Minister Narendra Modi, left, sits with Israeli Prime Minister Benjamin Netanyahu during their meeting at the King David hotel in Jerusalem on July 5, 2017. (Photo | AP)

By PTI

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.     

In the water sector, two agreements were signed to increase co-operation on water conservation and state water utility reform in India.     

Modi said that Israel is among the leading nations in the field of innovation, water and agricultural technology and "these are also among my priority areas in India's development".  "We agreed that efficiency of water and resource use; water conservation and its purification; productivity increases in agriculture are key areas in deepening our bilateral cooperation," he said.     

In the agriculture sector, the two countries have agreed for India-Israel Development Cooperation - a three-year work programme in agriculture from 2018 to 2020. They also agreed for cooperation regarding cooperation in atomic clocks.     

Besides, separate MoUs were signed on cooperation in GEO-LEO optical link and cooperation in Electric Propulsion for small satellites. Modi also said that during their talks he and Netanyahu agreed to to do much more together to combat terrorism to protect their strategic interests.

Stay up to date on all the latest World news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp