India joins hand with Israeli companies for Make in India

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New Delhi: Make in India program is progressing fastly. More than 25 Indian and 100 Israeli companies will accumulate this month for a seminar on defence and security in Israel.

SIBAT, the Israel Ministry of defence international defence cooperation and directorate, and FICCI together will organize the seminar on Feb 21-25.

A press communique said that the seminar will mainly focus on cooperation and risks between micro, small and medium enterprises on both sides.

The seminar will highlight the potential of Make in India and will deal with the Defence Procurement Procedure (DPP) 2016 with a special focus between industries in India and Israel.

Around 500 B2B meetings will take place in the seminar.

The next seminar will be expected in Chennai later this year.

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.”

Make In India is one of the key campaigns of Prime Minister Narendra Modi and the Indian government.(IANS)