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Netanyahu in India: Technology to drive economic ties with Israel

Netanyahu said technology was the way forward and the emergence of these sectors out of nowhere within the past few years was proof

Subhayan Chakraborty  |  New Delhi 

Prime Minister Narendra Modi and his Israeli counterpart Benjamin Netanyahu during India Israel Business Summit in New Delhi on Monday
Prime Minister Narendra Modi and his Israeli counterpart Benjamin Netanyahu during India Israel Business Summit in New Delhi on Monday

The government of wants India to partner with it on big data, connectivity and artificial intelligence, moving beyond traditional sectors.

On the second day of his visit, Israeli Prime Minister said technology was the way forward and the emergence of these sectors out of nowhere within the past few years was proof. He was speaking at the India-Business Summit, where Prime Minister also spoke.

is known globally as a hub for and services. Currently, has about $130 million worth of investment in India, mostly in and cutting-edge manufacturing. Both governments have said they expect to branch into areas such as cyber security, digital analytics and robotics.

"Given the scale of our economy and the cutting-edge nature of Israeli technology, even the sky is not the limit," said Modi. To this end, an India-is to be held in July, both leaders disclosed.

Also, both are expected later this week to jointly inaugurate iCreate, a campus set up in Gujarat as an incubator for high-tech processes.

stressed that in both nations needed less of red tape. "Bureaucracy is a tremendous opportunity for both our nations," was the way he put it, adding that by removing it, you can have immense growth.

First Published: Tue, January 16 2018. 02:10 IST
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