Tapping the Israeli Innovation Potential

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.