Recent Momentum: The Visits of Prime Minsters to Israel – UPSC Daily Important Topic | 12 August 2022

Recent Momentum: The Visits of Prime Minsters to Israel

✓P.M. visited Israel in July 2017, marking 25 years of exchange of emabssies.

✓A Memorandum of Understanding was signed for establishing the India-Israel Industrial R&D and Innovation Fund (I4F) by the Department of Science and Technology, India andthe National Authority for Technological Innovation, Israel with a contribution of US$ 20 million from each side.

✓Both the countries also agreed for India-Israel Development Cooperation, a three-year work programme in the agriculture sector. They also launched a five-year technology fund.

✓MoUs were signed in 2017 on Plan of Cooperation Between the Indian Space Research Organisation (ISRO) and the Israel Space Agency (ISA) regarding cooperation in Atomic, Clocks, GEO-LEO Optical Link and Electric Propulsion for Small Satellites.

✓India-Israel CEO Forum, was established in July 2017 during Prime Minister Modi’s visit to 

Israel.