Cabinet approves India-Israel MoU to boost oil and gas sector

ANI | Updated: Jan 03, 2018 16:01 IST

New Delhi [India], Jan 3 (ANI): The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the signing of a Memorandum of Understanding (MoU) between India and Israel on cooperation in the oil and gas sector.

The MoU is expected to provide an impetus to India - Israel ties in the energy sector.

The cooperation envisaged under the agreement will facilitate promotion of investments in the two countries, technology transfer, R&D, conducting joint studies, capacity building of human resources and collaboration in the area of startups. (ANI)