JTA NEWS
24 November 2017 - 6 Kislev 5778 - ו' כסלו ה' אלפים תשע"ח
JTA NEWS :
India approves MOU fund with Israel E-mail

On 30 August, India’s cabinet approved the Memorandum of Understanding (MoU) signed between India and Israel to set up US$ 40 million fund for industrial research and technological innovation.

“The union cabinet chaired by Prime Minister Narendra Modi approved a Memorandum of Understanding (MoU) between India and Israel on ‘India-Israel Industrial R&D and Technological Innovation Fund (I4F)’. The MoU was concluded in July, 2017,” an official statement said.

India and Israel will make a contribution of US$4 million each for the fund annually for five years, which will be governed by a joint board comprising four members from each country.

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