Israel and India launched a technology fund Wednesday aimed at growing the countries’ business relationship, and signed seven accords boosting cooperation in areas ranging from space research to water and agriculture.
The Israel India Innovation Initiative Fund, or I4F, was announced during an unprecedented visit to Israel by Indian Prime Minister Narendra Modi, who is looking for military and other technologies as he seeks to move his country aggressively into the digital age. Israel, whose export-focused economy relies heavily on technology, is eager to penetrate India’s market of 1.3 billion citizens.
The two governments on Wednesday announced a strategic partnership for water that focuses on conservation, agricultural use of treated wastewater, and on cleaning the Ganges and other Indian rivers. The sides stressed the importance of defense collaboration and said future deals should include the transfer of Israeli technology, in line with Modi’s “Make in India” initiative. Three separate memorandums of understanding were signed …