| Ehud Olmert, deputy prime minister and minister of industry, trade and labour, Israel said at the Israel-India Business meeting in Bangalore on Tuesday that the agreement will promise government assistance besides providing enterprises with special tax and other benefits. The agreement framework will promote intense co-operation between firms based in Karnataka and Israel, he said. |
| The visiting deputy prime minister saw a striking resemblance between Karnataka and Israel. " When I drove across Bangalore today, the sign boards of large MNC IT corporations reminded me of similar scenes in Tel Aviv or Jerusalem." |
| These organisations are benefitting from the innovative minds of Indians and Israelis. Ths co-operation agreement must ensure that talented people from Karnataka and Israel meet directly away from the banner of the MNC's corporation. The unison of such minds will provide the platform for taking on the world, he added. |
| P G R Scindia, industries minister Karnataka said that the state will go ahead with Israel's proposal after obtaining necessary approvals from the union government. |
| He added, " Early next year our delegation, most probably led by chief minister Dharam Singh, will go to Israel and finalise the MoU there. In all certainty, the agreement will be implemented in 2005." |
| The minister, while lauding Israel's irrigation techniques said, Karnataka will stand to gain from learning the process, as certain parts of the state face water shortage. |
| The delegation comprises representatives from aviation,. bio-tech, ICT, hardware, banking and finance space. The delegation is exploring possible joint venture with Indian firms in high-tech space, besides participation in national and government projects. |
| The deputy prime minister for his part will meet up with the union government and sign an MoU on research and development. |
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