India and Israel sign MoU for cooperation on industrial research and development
India and Israel signed a Memorandum of Understanding (MoU) to enhance industrial research and development cooperation in high-tech areas such as AI, quantum, semiconductors, healthcare, aerospace, sustainable energy and agriculture.
An Overview of the News
The partnership aims to facilitate collaborative initiatives for industrial research and development in a diverse range of high-tech domains, including artificial intelligence, quantum computing, semiconductor technology, synthetic biology, healthcare, aerospace, sustainable energy and agriculture.
The MoU will focus on specific projects and will be monitored by a Joint Steering Committee to ensure effective implementation.
Memorandum of Understanding (MOU):
It is a type of agreement between two or more parties that expresses a shared intention to take a common line of action.
Memoranda of Understanding can be used in situations where the parties do not intend a legal commitment or cannot form a legally enforceable agreement.
MOUs are often used by many companies and government agencies to define relationships between departments, agencies, or closely related companies.
Israel is a Middle Eastern country on the Mediterranean Sea.
It is considered the Holy Land of the Bible by Jews, Christians and Muslims.
Tel Aviv is the financial centre of the country and is known for its beaches and Bauhaus architecture.
Capital and largest city - Jerusalem
Official language - Hebrew
Recognized Language - Arabic
Government - Unitary parliamentary republic
President - Isaac Herzog
Prime Minister - Benjamin Netanyahu
Chief Justice - Esther Hayut
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