Union Cabinet approves MoU on India-Israel Industrial R&D and Technological Innovation Fund

Posted on:31 Aug 2017 09:18:25
Union Cabinet approves MoU on India-Israel Industrial R&D and Technological Innovation Fund
31 August 2017 Current Affairs: The Union Cabinet approved Memorandum of Understanding (MoU) to set up US $40 million India-Israel Industrial R&D and Technological Innovation Fund.

India and Israel will make a contribution of US $4 million (Rs.25 crore) each for Fund.

The MoU aims at a promotion of bilateral Industrial Research and Development (R&D) and Innovation cooperation between both countries in fields of science and technology.

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