With a Spate of New Agreements, Netanyahu and Modi Strengthen Ties
Israel and India agree to collaborate on cybersecurity, energy, and cinema productions, during Israeli Prime Minister Netanyahu’s six-day state visit to India
Israeli Prime Minister Benjamin Netanyahu signed agreements to collaborate on cybersecurity, energy, the film industry, and air transportation with Indian Prime Minister Narendra Modi, according to statements by the office of the Israeli prime minister and by the Indian Ministry of External Affairs.
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The agreements were signed during Mr. Netanyahu six-day visit to India, which commenced Sunday. This is the first visit by an Israeli prime minister to India in 15 years. Mr. Modi visited Israel in July 2017, the first Indian Prime Minister to do so since India's 1947 independence.
Israeli Prime Minister Netanyahu and Indian Prime Minister Modi. Photo: AFP
The Israeli and Indian governments have agreed to increase their collaboration on the research and production of oil and gas, to financially support Indian and Israeli joint ventures in the cinema industry, and to work together to improve air-transportation between the two countries.
The two governments also agreed to collaborate in the field of cybersecurity by sharing technological advancements and execute joint training programs.
On Monday, Messrs. Netanyahu and Modi launched an Israel-India Industrial research and development fund, called I4F. Designed to promote technological collaboration between the two countries, the fund will invest $40 million over a period of five years and finance up to 50% of the research and development expenses of Israeli and Indian technology projects and startups.
India and Israel formalized relations 25 years ago, but ties between the countries were lukewarm and defense, intelligence, and commercial cooperation remained largely out of the public's eye until recently.
In 2016, trade between the two countries totaled $4.17 billion, according to data by the Israeli Ministry of Economy.
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