India, Israel plan to create USD 50 mn agri fund

Tuesday, May 3rd, 2011 | Filed under Cities,Delhi NCR,India News | Posted by Taani

May 2 (PTI) New Delhi, India and Israel are in talks to create a fund worth USD 50 million for mutual cooperation in the agriculture sector.

Both the governments are planning to create a fund dedicated to agricultural co-operation with each side contributing USD 25 million each, Israel Agriculture Minister Orit Noked said here today.

The minister was speaking at an interactive session on Indo-Israel Cooperation in Agriculture and Food Processing organised by the industry chamber CII.

India is a huge market and has a great potential in the agriculture sector, while Israel has strengths in the areas of research and development, irrigation technology, dairy and biotechnology, Noked said.

There is a scope for both the countries to collaborate in this area and learn from each others expertise, she added.

Posted by Taani on Tuesday, May 3rd, 2011. Filed under Cities, Delhi NCR, India News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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