More than 25 Indian and over 100 Israeli companies will gather later this month for a business seminar on defence and security in Israel, it was announced here . The seminar organised jointly by SIBAT, the Israel ministry of defence international defense cooperation directorate, and FICCI will take place on February 21-25 and will mainly focus on increasing collaborations and joint ventures between micro, small and medium enterprises on both sides, said a press communique by the Eembassy of Israel.
The seminar will highlight the huge potential to cooperate under Prime Minister Narendra Modi’s ‘Make in India’ initiative and will deal with the new expected Defence Procurement Procedure (DPP) 2016 with a special focus on JVs between industries in Israel and in India.