India, Israel Ink $40 Million Innovation Initiative

by Ilan Evyatar/TPS

Prime Minister Binyamin Netanyahו and his Indian counterpart Narendra Modi agreed Wednesday to take steps to counter radicalism, extremism, and cyber-terrorism, and also signed a $40 million agreement to found a bilateral technology fund on the second day of the visiting prime minister’s trip to Israel.

“We are being challenged by forces of terror that seek to undermine our world, our countries, the peace and stability of our common civilization and we have agreed to cooperate in this area,” Netanyahu said at a press conference at the King David Hotel in Yerushalayim.

“India has suffered first hand the violence and hatred spread by terror, and so has Israel,” Modi said. “Prime Minister Netanyahu and I agreed to do much more together to protect our strategic interests and also cooperate to combat growing radicalization and terrorism including in cyberspace,” he added.

Following the press conference, Netanyahu and Modi met with Moshe Holtzberg, the 11-year-old boy who lost both his parents when terrorists associated with the Lashkar-e-Tayyiba group attacked sites throughout Mumbai in 2008, including the city’s Chabad House.

Netanyahu described the gesture as “ an expression of our commitment to fight the bad and work for the good.” The partnership between Israel and India he said was a “partnership to seek the good, to defend the good, to achieve the good.”

Meanwhile, Israel and India signed seven agreements – three on space, two on water, one on innovation and one on Mashav, the Agency for International Development Cooperation which will set up further centers of agricultural excellence in India.

“Israel is among the leading nations in the field of water innovation and agricultural technologies,” said Modi, adding that the two two countries had agreed that water management and increasing agricultural productivity were key areas in deepening bilateral cooperation.

“Together our scientists and researchers will develop, build and implement mutually beneficial solutions in the field,” Modi said. “Our decision to establish a bilateral technology innovation fund worth $40 million for research in industry development will help us in achieving this goal bedrock of a strong partnership.”

Video: PM Netanyahu Meets Indian PM Modi at King David Hotel, Yerushalayim

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