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innovation fund

India, Israel launch innovation fund during Modi visit

TEL AVIV: India and Israel have established a $40 million joint innovation initiative fund to increase economic cooperation and boost research and development within both countries. The agreement was signed during Indian Prime Minister Narendra Modi's historic visit to Israel. The three-day trip, which ended Thursday, was meant to help deepen commercial ties. It was the first time a sitting Indian prime minister came to Israel. Each country will allocate $4 million per year over a five-year period for the fund’s…