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Tag: Business Partnerships

  • PM Modi invites Israeli firms to explore investment, manufacturing opportunities in India

    PM Modi invites Israeli firms to explore investment, manufacturing opportunities in India

    Tel Aviv, Feb 26 (LatestNewsX) Prime Minister Narendra Modi has invited Israeli companies to explore opportunities in India to invest, manufacture and build technology partnerships, it was announced on Thursday.

    PM Modi, accompanied by Israeli Prime Minister Benjamin Netanyahu, visited an exhibition showcasing pioneering Israeli innovations across several sectors here, which featured Agri-tech, Water-tech, Climate-tech, Health-biotech, Smart Mobility, AI, Cybersecurity, and Quantum technologies.

    During his interaction with the innovators, PM Modi noted that the cutting-edge technologies on display hold immense potential to scale up India-Israel innovation, start-ups and business partnerships, especially in areas such as agriculture, water management, healthcare and digital services.

    The two countries are working together to build solutions to address modern-day challenges through the “India-Israel Innovation Bridge” initiative.

    During the walk-through, Prime Minister interacted with scientists, tech-entrepreneurs and CEOs of several companies.

    Prime Minister was briefed by Quantum Machines on the Israeli Quantum Computing Centre (IQCC) and by Classiq, which is simplifying quantum software development.

    According to an official statement, AISAP, a startup, demonstrated its AI-powered point-of-care ultrasound, which provides real-time diagnostic guidance.

    The Horizon Scanning Division of the Israeli Ministry of Science and Technology presented “Tech Scout,” an AI-driven tool for strategic risk detection and trend analysis.

    Mobileye, a tech-enterprise, showcased its sensor and chip technology aimed at reducing road accidents. Check Point Software Technologies highlighted its advanced threat prevention solutions and its collaborations in India.

    WaterGen demonstrated its technology to produce drinking water from air, while N-Drip showcased gravity-powered micro-irrigation systems. Natural Offset Farming (NOF) presented in-field post-harvest solutions to reduce food loss without electricity.

    Also, Remilk showcased precision fermentation for lab-produced milk proteins, and BarAlgae presented machine-learning-integrated microalgae cultivation.

    Mynora Bio displayed plastic waste management using specialized bio-conversion additives. The Geophysical Institute (GII) demonstrated high-resolution modelling for quantifying mineral resources.

    Notably, Israel Aerospace Industries presented its miniaturised communications satellites and integrated Synthetic Aperture Radar.

    na/



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  • Icelandic collaboration to further boost India’s Blue Economy

    Icelandic collaboration to further boost India’s Blue Economy

    India and Iceland are teaming up to boost their fisheries and aquaculture sectors, focusing on sustainable practices, zero-waste approaches, tech sharing, and cluster-based growth. The Indian government announced this exciting development on Friday, highlighting how it could transform the industry for both nations.

    A high-level Indian team, headed by Dr. Abhilaksh Likhi, Secretary of the Department of Fisheries, wrapped up a three-day visit to Reykjavík, Iceland’s capital. The goal? To build stronger ties through partnerships, investments, and fresh ideas in the fisheries world. Likhi held talks with top officials from the Iceland Ocean Cluster, diving into topics like innovative fish processing, adding value to products, tracking supply chains, and certification standards.

    Leading Icelandic firms BRIM and Hampiðjan shared their secrets on zero-waste models and state-of-the-art processing tech. Both countries spotted big chances for Icelandic seafood businesses to invest in India and ramp up business-to-business connections. “This could open doors for real growth in the seafood industry,” an official statement noted.

    The delegation also toured MATIS, Iceland’s premier food and biotech research hub. They chatted about teaming up on biotechnology, food safety, and making the most of marine resources. This visit paves the way for joint research and tech transfers to strengthen India’s entire fisheries value chain.

    Training programs took center stage too, especially for deep-sea fishing tech and advanced vessel monitoring systems (VMS). The talks covered opportunities in trout farming, tuna innovations for India’s islands, and more.

    Back home, India’s fisheries sector is booming under the Pradhan Mantri Matsya Sampada Yojana (PMMSY). The government has rolled out 34 clusters to connect businesses of all sizes—from tiny startups to big players—across the value chain, from catching fish to exporting it. This cluster-based development model boosts efficiency and competitiveness.

    Fish production in India has skyrocketed by 104% over the past decade, jumping from 96 lakh tonnes in 2013-14 to 195 lakh tonnes in 2024-25. Inland fisheries led the charge with a massive 142% rise, from 61 lakh tonnes to 147.37 lakh tonnes. No wonder India ranks as the world’s second-largest fish producer, accounting for about 8% of global output.

    These steps show how international collaborations in sustainable fisheries and aquaculture can drive innovation and growth for India and beyond.


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