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Israeli companies to contribute in 'Make in India'

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Published on 12 Feb 2016 9:32 AM GMT

Israeli companies to contribute in Make in India
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New Delhi: In order to explore Indo-Israel cooperation for 'Make in India' , more than 25 Indian and over 100 Israeli companies will meet at a unique business seminar in Israel on Defence and Securityin Isreal from February 21 to 25 next, an official communique said.

The seminar organized jointly by SIBAT, the Israel Ministry of Defence International Defense Cooperation Directorate and FICCI will mainly focus on increasing collaborations and Joint Ventures between Medium, Small and Micro Enterpises on both sides. It will also highlight the huge potential to cooperate under Prime Minister Modi ‘Make in India’ initiative and will deal with the new expected Defence Procurement Procedure (DPP) 2016 with a special focus on JV’s between industries in Israel and in India.

Both countries defence establishments and industries have been partnering for many years in various areas. This will be the fourth joint seminar for SIBAT and FICCI in recent years. Another seminar is expected to take place in Chennai later this year, dedicated to armoured vehicles

Israeli Ambassador in India Daniel Carmon commented: “Our growing relations with India range on a wide spectrum of sectors from defence to water, agriculture IT, R&D and many more. Both our governments as well as the Israeli companies that are already implementing projects in India, are ready to engage with relevant partners under the ‘Make in India’ initiative to create more viable and sustainable partnerships. I have no doubt that the national security interests of India and Israel, respectfully, have been benefiting from our many years of unique cooperation.”

Director of SIBAT Brig. Gen. (Ret.) Mishel Ben Baruch who will be the keynote speaker at the seminar said “the bilateral cooperation includes not only in acquisitions but also sharing technologies and knowledge, conducting joint seminars, exchange of delegations on both sides and most of all extraordinary intimacy. ”

Secretary General of FICCI Dr A. Didar Singh said: “Israel is a close ally of India and is strategically a very important country for us. FICCI and SIBAT has initiated to bring the industries of Indian and Israel closer with their business friendly initiatives.

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