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Tapping the Israeli Innovation Potential

Tapping the Israeli Innovation Potential

India and Israel inked nine MoUs during the recent visit of Israeli Prime Minister Benjamin Netanyahu.

India and Israel inked nine MoUs during the recent visit of Israeli Prime Minister Benjamin Netanyahu. These range from co-operation in cybersecurity and space to film co-production and oil and gas. Last year, the two countries also announced an 'India-Israel Industrial R&D and Technological Innovation Fund'. Business leaders from both countries think bilateral trade can touch $20 billion in the next five years from current $5 billion. While Indian firms hope to tap into Israel's innovation ecosystem and technology, Israeli companies see a potential market here in areas such as agriculture, smart cities, clean energy and water management.

Goutam Das