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India, Israel signed seven Key Agreements.

TNPSC Current Affairs July 2017,5

Prime Minister Narendra Modi, who became the first Indian prime minister to visit the Israel, signed seven key agreements to boost bilateral cooperation in key areas like science and technology, water, research and space between both nations.

About the Agreements:
  • A Memorandum of Understanding between India's Department of Science and Technology and Israel's National Technological Innovation Authority to set up the India-Israel Industrial R&D and Technological Innovation Fund with a worth of $40 billion.
  • An Memorandum of Understanding between India's Ministry of Drinking Water and Sanitation and Israel's Ministry of National Infrastructure, Energy and Water Resources on National Campaign for Water Conservation in India
  • An Memorandum of Understanding between the Uttar Pradesh Jal Nigam of India and Israel's Ministry of National Infrastructure, Energy and Water Resources on State Water Utility Reform in India
  • Memorandum of Understanding between India-Israel Development Cooperation - Three Year Work Program in Agriculture 2018-2020
  • Cooperation between the Indian Space Research Organisation and the Israel Space Agency regarding cooperation in Atomic clocks
  • An Memorandum of Understanding between ISRO and the ISA regarding cooperation in GEO-LEO Optical Link
  • An Memorandum of Understanding between ISRO and the ISA regarding cooperation in Electric Propulsion for small satellites

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