Sign a $40-mn R&D fund for joint innovation in agriculture, water, energy and technology
India and Israel on Wednesday elevated their ties to the “strategic partnership” level with a vow to do “much more together” to combat growing radicalisation and terrorism and pitched for “strong measures” against those financing and providing sanctuaries to terror groups.(Economy news)
The issue of terror and “strategic threats” along with various other topics like cooperation in defence and security, water, agriculture, space and West Asia figured prominently in the talks between Prime Minister Narendra Modi and his Israeli counterpart Benjamin Netanyahu here on Wednesday.
After the wide-ranging talks, the two sides signed seven pacts covering areas like innovation, water conservation, agriculture and space.
India and Israel also agreed to set up a $40 million fund for industrial Research and Development, and innovation fund, with both countries contributing $20 million each.
“Our goal is to build a relationship that reflects our shared priorities and draws on enduring bonds between our peoples,” Modi, who is the first Indian Prime Minister to visit Israel, said in a joint media appearance with Netanyahu.
India, Israel ink 7 pacts
India and Israel signed 7 agreements to step-up 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
- MoU signed between Department of Science & Technology and Israel’s National Technological Innovation Authority for setting up of $40 million worth India-Israel Industrial R&D & Technical Innovation Fund
- Ministry of Drinking Water & Sanitation, and Israel’s Ministry of National Infrastructure, Energy & Water Resources signed a pact on National Campaign for Water Conservation in India
- The second one was signed between Uttar Pradesh Jal Nigam and the Ministry of National Infrastructure, Energy & Water Resources on state water utility reform in India
- In the farm sector, the two countries have agreed upon India-Israel development cooperation – a three-year work programme in agriculture from 2018 to 2020
- They also agreed for cooperation between the Isro and the Israel Space Agency (ISA) regarding cooperation in atomic clocks
- Besides, separate MoUs were signed between Isro and ISA for cooperation in GEO-LEO optical link, and in electric propulsion for small satellites
Modi, on the second day of his three-day visit, said India and Israel live in “complex geographies” and are aware of “strategic threats” to regional peace and stability.
“India has suffered first-hand the violence and hatred spread by terror. So has Israel,” he said, adding the two leaders had “agreed to do much more together to protect our strategic interests and also cooperate to combat growing radicalisation and terrorism, including in cyberspace.”(Read more)