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India-Israel Sign Nine Agreements in Areas Such as Cybersecurity, Oil & Gas

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In today’s  changing global economic and political scenario, the most interesting part is India and Israel relations. Last few years,  India and Israel are gradually coming closer to each other in various bilateral areas. In a most important development in this series, Prime Minister of Israel, Benjamin Netanyahu during his New Delhi visit made some ground-breaking strategic collaborations.

The diplomats of India and Israel have signed nine agreements, including in the areas of cybersecurity and oil and gas, following delegation-level talks headed by Prime Ministers Narendra Modi and Benjamin Netanyahu here.

India-Israel MoUs

A memorandum of understanding (MoU) on cooperation in cybersecurity was signed. A second MoU was signed between the Ministry of Petroleum and Natural Gas and Israel’s Ministry of Energy in oil and gas sector.

A protocol between India and Israel on amendments to the air transport agreement was also signed. Another agreement was on film-co-production between India and Israel.

A third MoU between the Central Council for Research in Homeopathy, Ministry of AYUSH and the Centre for Integrative Complementary Medicine, Shaare Zedek Medical Centre of Israel, related to cooperation in the field of research in homeopathic medicine.

Another MoU between Indian Institute of Space Science and Technology (IIST) and the Technion- Israel Institute of Technology for cooperation in the field of space was signed.

Indian Investments in Israel

A memorandum of intent was on Invest India and Invest in Israel. Indian Oil and Israel’s Phinergy Ltd signed a letter of intent for cooperation in the area of metal-air batteries.

Another letter of intent between Indian Oil and Israel’s Yeda Research and Development Co Ltd was signed for cooperation in the area of concentrated solar thermal technologies.

Earlier, the Israeli Prime Minister was accorded a ceremonial welcome at the Rashtrapati Bhavan here.

Netanyahu, accompanied by a 130-member business delegation, arrived here on Sunday on a six-day visit to India that will also see him going to Agra, Ahmedabad, and Mumbai.

This is the first Prime Ministerial visit from Israel to India in 15 years after that of Ariel Sharon in 2003.

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

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