Israel's High-Tech Industry Association has signed a memorandum of understanding with its Indian counterpart to boost cooperation in advanced technology, a move that will undoubtedly increase the Jewish state's burgeoning defense sales to India.The Jerusalem Post reports that industry executives see the accord with the Confederation of Indian Industry, signed June 1, leading to a convergence of "Israel's innovative prowess with India's huge and talented pool of human resources."
Trade between Israel and India -- one Jewish, one Hindu, both locked in conflict with Islamist terror groups -- hit $47 billion in 2010, with India moving into second place among the Jewish state's export markets.
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