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India, Israel ink seven pacts

India

Jerusalem: India and Israel today signed seven pacts 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”.

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 do much more together to combat terrorism to protect their strategic interests.

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