India and Israel sign 7 Agreements

India and Israel have signed 7 agreements on areas including space, tech and agriculture during the visit of Prime Minister Narendra Modi to Israel. Prime Minister Narendra Modi will be the first Indian Prime Minister to visit Israel. Also, Prime Minister Narendra Modi’s visit marks the 25 years of establishment of diplomatic relationship between India and Israel.

In the joint statement released after talks between India and Israel, both the countries have called for taking strong measures against terror organisations and also against those who encouraged, supported and financed terrorism.

MoUs

  • MoU for setting up of India-Israel Industrial R&D & Technological Innovation Fund (I4F)
  • MoU for conservation of water in India
  • MoU on State Water Utility Reform in India
  • India-Israel Development Cooperation- 3-year work program in Agriculture (2018-2020)
  • Plan of cooperation regarding cooperation in atomic clocks
  • MoU regarding cooperation in GEO-LEO optical link.
  • MoU regarding cooperation in electric propulsion for small satellites.

India-Israel

The diplomatic relationship between India and Israel was established in 1992. India is Israel’s topmost destination for arms export. India is already buying an average of $1 billion per year in military equipment. For India, Israel is the third largest source of arms after the US and Russia with a share of 7.2% between 2012 and 2016.

The earliest India-Israel defence collaboration took place during the 1962 Sino-Indian war when Israel provided military aid to India. Israel also helped India during its two wars with Pakistan in 1965 and 1971. India reciprocated by helping Israel during the six-day war in 1967 by supplying spare parts for French-made Mystere and Ouragan aircraft as well as AX-13 tanks.

In April 2017, India and Israel had signed a $2 billion deal for an advanced medium-range surface-to-air missile system which will be helpful for the Indian army to shoot down aircraft, missiles and drones etc.
Israel is India’s 38th-largest trading partner with the trade balance standing in India’s favour in 2016-17.

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Categories: International Current Affairs 2017

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Comments

  • Krishan Raj Adhikari
    Reply

    Israel and India are two ancestors country.both can reach a new label their friendship.benifit of this friendship Israel can utilize India big market and India can get new technologies.both countries can fight against terrorism and given peaceful atmosphere for their citizens.

  • santosh Ghar
    Reply

    Very nice

  • santosh Ghar
    Reply

    Very nice

  • Amir khan
    Reply

    Very nice

  • Rosa Duek
    Reply

    Phantastic agreements! Very proud of both contries This is the result of both of them having a clever leadership!!

  • Aj
    Reply

    Superb