Israel, India sign joint water technology memo

Israel and India have inked a key agreement on water treatment technologies last week. The deal includes the development of joint research and development ventures in the fields of resource management, sewage and drainage. According to Indian news agency PTI, the deal was signed by Director of International Trade at the Industry, Trade and Labor Ministry Boaz Hirsch and Indian Minister for Urban Development Kamal Nath, during the latter's visit to Israel. "The economies of India and Israel are considered to complement each other. Accelerated economic growth in India poses many challenges, but Israel with its knowledge and technologies can help us cope with these challenges," Nath said. Israel and India enjoy robust collaborations in the fields of water, high-tech, nano-technology and agriculture and both sides agree there is still "a huge, untapped potential." An Industry, Trade and Labor Ministry statement said that Jerusalem and New Delhi will form joint work groups "to examine ways to deepen cooperation between the two countries in a variety of areas related to water. The two sides will also discuss establishing Israeli technology centers in India "in order to promote the integration of these technologies in projects that will help India cope with the challenges in water management," the ministry said. AFP contributed to this report Follow Ynetnews on Facebook and Twitter