IT company Infosys on Thursday signed an MoU with Israel government to establish and enhance cooperation in industrial research and development.
This MoU is a part of the 'Global Enterprise Collaboration Program' developed by the Office of the Chief Scientist of Israel to accelerate innovation through a global ecosystem.
It creates a framework for industrial cooperation between Infosys and Israeli corporations in the emerging technology areas of cloud, information security, sensors, analytics, and sustainability, Infosys said in a statement.
Speaking on the occasion, Subu Goparaju, Senior-Vice President and Head of Infosys Labs said, "This collaboration aligns with our vision to bring together different innovation networks from around
the world and make them relevant to our clients.
"At Infosys, we are looking at leveraging the innovation ecosystem in Israel, as part of evaluating early stage technologies that are relevant for clients to build tomorrow's enterprises".
Shalom Simhon, the Minister of Industry, Trade and Labor, Government of Israel said, "Our ministry provides the Israeli exporter an array of government-backed tools designated to assist in offering Indian counterparts the best that Israel has to offer in the technology sector. The agreement signed today with Infosys is a prime example of another such tool."
The immense potential of the Indian market had not gone unnoticed by Israeli companies and industrialists, and the Ministry of Industry, Trade and Labor was working "tirelessly" in order to realise the trade potential between the two countries for the benefit of both nations."