- This trilateral summit was initiated by Prime Minister Narendra Modi during his historic visit to Israel three years ago in July 2017, community leaders on the basis of tech-triangle (Silicon Valley-Tel Aviv and Bangalore) concept which was presented by M R (Madhavan) Rangaswami to PM Modi.
- Notably, Silicon Valley (US), Bengaluru (Karnataka, India) and Tel Aviv (Israel) are leading innovative technology hubs.
India-Israel Relations:
Israel is the 3rd largest defence supplier to India. It accounts to 40% of defence exports of Israel including Barack missiles, powerful Phalcon radar on Airborne Warning and Control System (AWACS).
India-US Relations:
India and US have developed strong defence ties in the recent years. In 2018, India became the third country to receive clearance in purchasing license-free space and defence technology under Strategic Trade Authorisation.
- There is Defence Technology Trade Initiative (DTTI) between both nations to ease technology transfer and to explore possibilities in co-development.
- India and the United States also signed COMCASA (Communications Compatibility and Security Agreement) allowing both nations to share encrypted communication equipment.
- US designated India as STA-1. STA is Strategic Trade Authorization that allows country to buy advanced cutting edge technology from the US.
Recent Related News:
Experts from India and Israel have collaborated to develop rapid testing for COVID-19 in under 30 seconds by merging the technological expertise of Israel with Indian development and production capabilities. They have started to conduct trials at a special testing site at Dr Ram Manohar Lohiya (RML) Hospital on a large sample of patients for 4 different kinds of technologies namely, Voice test, Breath analyser test, Isothermal testing and Polyamino acid testing.
About Israel:
Capital– Jerusalem
Currency– Israeli Shekel
About United States Agency for International Development (USAID):
Acting Administrator– John Barsa
Headquarter– Washington, D.C., United States (US)