Adani signs agreement with Israeli company
Adani Enterprises Limited (AEL), the business incubation arm of the Adani Group, has signed a Memorandum of Understanding (MoU) with the Israel Innovation Authority (IIA). The IIA is a publicly-funded agency that oversees Israel’s innovation policy. It provides conditional grants to support technological innovations. An MoU has been signed between Israeli entities and the Adani Group for cooperation in technological innovation.
This collaboration will deepen the existing partnerships that Adani has already forged in Israel over the past six years. The MoU will lead to the creation of a state-of-the-art innovation platform, which will allow Adani businesses to access technological solutions provided by Israeli start-ups, whereby selected innovation projects will be supported by partnerships. This collaboration will provide access to climate change, cyber, AI, IoT, 5G, agriculture and all these are the core businesses of the Adani Group.