DTN News - ISRAEL DEFENSE NEWS: Israel, India Look To Hi-Tech As Trade Ties Expand....NSI News Source Info # 2051(NSI News Source Info) TORONTO, Canada - June 7, 2011: Israeli and Indian industry associations signed a memorandum of understating on recently aimed at spurring cross-border innovation and entrepreneurship, as the two countries add high technology to their growing network of trade and economic cooperation.
While bilateral trade has grown exponentially, the agreement between the Confederation of Indian Industry (CII), the country’s biggest trade association, and the Israel High Tech Industries Association, is unusual in that it focuses on technology. The Indian state of Andhra Pradesh, home to the up-and-coming software center of Hyderbad, is close to signing a pact with Israel’s Matimop, a government agency that facilitates multinational research and development ventures.
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