Indian, Israeli companies join hands for ‘Make in India’

New Delhi, Feb 12 (IANS) More than 25 Indian and over 100 Israeli companies will gather later this month for a business seminar on defence and security in Israel, it was announced here on Friday.

The seminar organised jointly by SIBAT, the Israel ministry of defence international defense cooperation directorate, and FICCI will take place on February 21-25 and will mainly focus on increasing collaborations and joint ventures between micro, small and medium enterprises on both sides, said a press communique by the Eembassy of Israel.

The seminar will highlight the huge potential to cooperate under Prime Minister Narendra Modi’s ‘Make in India’ initiative and will deal with the new expected Defence Procurement Procedure (DPP) 2016 with a special focus on JVs between industries in Israel and in India.

More than 500 B2B meetings are expected to take place during the seminar.

Another seminar is expected to take place in Chennai later this year, dedicated to armoured vehicles.

Ambassador Daniel Carmon said: “Our growing relations with India range on a wide spectrum of sectors from defence to water, agriculture IT, R&D…In the field of defence, Israel has proven more than once in the past as a reliable strategic partner and that we are open for the concept of transfer of advanced technology and joint development.”

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