India, Israel ink deals in cyber security, oil & gas

India, Israel ink deals in cyber security, oil & gas

FPJ BureauUpdated: Thursday, May 30, 2019, 12:51 AM IST
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New Delhi : India and Israel on Monday signed nine agreements, including in the areas of cyber security and oil and gas, following delegation-level talks headed by Prime Ministers Narendra Modi and Benjamin Netanyahu.

 A memorandum of understanding (MoU) on cooperation in cyber security was signed which envisages cooperation in the field of cyber security to develop, promote and expand cooperation in the field of human resources development (HRD) through platforms such as training programmes, skill development, and simulator-based hands-on training. A second MoU was signed between the Ministry of Petroleum and Natural Gas and Israel’s Ministry of Energy in the oil and gas sector. Through this MoU, both sides are looking to explore opportunities of long-term cooperative relationship and joint economic projects to enhance bilateral engagements in the field of oil and gas, including collaboration in upstream sector activities; research and development and technology; promoting institutional linkages between universities and research and development establishment for mutually beneficial collaboration; and in the area of start-ups. A protocol between India and Israel on amendments to the air transport agreement was also signed which envisages entering into cooperative marketing arrangements, such as code share, bloc space or any other joint venture agreement for the purpose of operating the agreed services on the specified routes.

Another agreement was on film co-production between India and Israel. This envisages to establish a framework for encouraging all audio visual media output, especially the co-production of films for the benefit of the film industries of both countries and contribute to the economic growth of the film, television, video and new media production for further development of cultural and technologies ties.

An MoU between the Central Council for Research in Homeopathy, under the Ministry of AYUSH, and the Centre for Integrative Complementary Medicine, Shaare Zedek Medical Centre of Israel, related to cooperation in the field of research in homeopathic medicine was inked. Another MoU between the Indian Institute of Space Science and Technology (IIST) and the Technion-Israel Institute of Technology was signed, for cooperation in the field of space. Indian Oil and Israel’s Phinergy Ltd signed a letter of intent for cooperation in the area of metal-air batteries. Furthemore,  Indian Oil and Israel’s Yeda Research and Development Co Ltd teamed up for cooperation in the area of concentrated solar thermal technologies.

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