Israel and India Take ‘Giant Step Forward’ With Tech Fund
- Announcement comes as Indian PM makes first visit to Israel
- Governments sign agreements on space, water and agriculture
Israel and India Launch Tech Fund
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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.