Friday, July 7, 2017

India, Israel sign seven key strategic partnership agreements

India and Israel strengthened their ties to the strategic partnership level to combat growing radicalisation and terrorism and pitched for strong measures against those financing and providing sanctuaries to terror groups. 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.
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 the Hon’ble Prime Minister of India, Mr. Narendra Modi and his Israeli counterpart Hon’ble Mr. Benjamin Netanyahu.
List of MoUs signed during the Visit
ü Memorandam of Understanding 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.
ü A pact on National Campaign for Water Conservation in India was signed by Ministry of Drinking Water & Sanitation, and Israel’s Ministry of National Infrastructure, Energy & Water Resources.
ü One of the pact was signed between Uttar Pradesh Jal Nigam and the Ministry of National Infrastructure, Energy & Water Resources on state water utility reform in India.
ü 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.
ü They also agreed for cooperation between the Indian Space Research Organisation (ISRO) and the Israel Space Agency (ISA) regarding cooperation in atomic clocks.
ü Besides, separate MoUs were signed between ISRO and ISA for cooperation in GEO-LEO optical link and in electric propulsion for small satellites.

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