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Adani Group Signs MoU To Gain Access To Latest Technology Of Israeli Companies

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Adani Group Signs MoU To Gain Access To Latest Technology Of Israeli Companies
06 Aug 2022
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News Synopsis

Adani Enterprises today signed an MoU with the Israel Innovation Authority (IIA) an agency that is funded by the public that oversees innovation. The MoU will enable Adani firms to gain access offered by Israeli startup companies.

The collaboration will extend across cyber, climate change AI IoT, 5G and agriculture, and IoT - each of these are key business areas for Adani. This MoU with Israel comes weeks after the Adani group purchased the Israeli Haifa port last July, for $1.18 billion. It is aimed at establishing more efficient trade routes among India, Europe and the Middle East.

"The Haifa Port acquisition demonstrates the Adani Group's dedication to Israel. What Adani provides is the largest range of B2C and B2B industries for tech companies from Israel. It's a classic demand-supply match between two nations who have always had very solid connections," said Karan Adani the director of Adani Ports and SEZ.

Adani Group will screen and select Israeli startup companies to design new solutions for the tech sector. Adani Enterprises today signed an MoU with the Israel Innovation Authority (IIA) an agency that is funded by the public responsible for innovation. The MoU will permit Adani companies to use the technology solutions offered by Israeli startups.

The collaboration will cover cyber, climate change, AI IoT, 5G and agriculture, and IoT - every one of them are key business areas for Adani. This MoU with Israel comes weeks after the Adani group bought the Israeli Haifa Port in the month of July. The purchase cost $1.18 billion. The aim is to improve trade relations that connect India, Europe and the Middle East.

"The Haifa Port acquisition demonstrates the Adani Group's dedication to Israel. What Adani provides is the largest Sandbox that includes multiple B2B and C2C industries for tech companies from Israel. It's a classic supply-demand match between two nations who have always had very solid bond," said Karan Adani as Director of Adani Ports and SEZ. Adani Group Adani Group will screen and select Israeli startups to create new solutions for the technology space.

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