"India is becoming one of our important partners. We definitely have our ties in R&D (research and development) but it goes way beyond. Two weeks ago, we launched a calendar to mark 25 years of Indo-Israel diplomatic relations," he said.
He emphasised that the two countries attach high importance to their shared values, shared interests and shared challenges.
He also said "we celebrate our differences" too.
"India is leading economy and these differences mean that we don't compete against each other but complete each other," Carmon said.
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The focus for this year's conference is on ideas, issues and impact of several initiatives like 'Digital India', 'Jan Dhan Yojana, Aadhar, 'Artificial Intelligence' among others.
Organisers said 'Make in India', 'Smart Cities' and 'Social Venture Entrepreneurs for Development' for building a 21st century knowledge economy in India and South Asia will also be among the focus areas.
"Our ties, both of government and people, are becoming stronger. An Israeli company will help clean a segment of the Yamuna. Our partnership relies on ideas of innovation with scientific base of research and development, but it goes, way beyond that. And, it is safe to say that both sides would enjoy the benefits of our cooperation," Carmon said.
Delhi Water Minister Kapil Mishra said the firm has been tasked with preparing a detailed project report on cleaning up the Bhalswa to Surghat stretch of the supplementary drain.
US India Business Council (USIBC) and Knowledge@Wharton are the knowledge partners for the two-day event.