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Adani Enterprises signs MoU with Israel Innovation Authority

Ahmedabad: The Adani Enterprises Ltd (AEL) has signed an MoU with the Israel Innovation Authority (IIA) for cooperation in technological innovation between Israeli entities and the Adani Group.

The cooperation will deepen the existing partnerships that Adani has already established over the past six years in Israel, a statement from the company said.

The MoU will lead to the creation of a cutting-edge innovation platform that will allow Adani businesses to access tech solutions provided by Israeli start-ups whereby selected innovation projects will be supported by the partnership.

The collaboration will span climate change, cyber, AI, IoT, 5G, agriculture, all of which are core businesses for Adani.

Karan Adani, CEO and Whole-time Director, Adani Ports and Special Economic Zone Ltd, said, “The Haifa Port acquisition demonstrates the Adani Group’s commitment to Israel. The partnership with the Israel Innovation Authority is yet another large step in deepening our relations within Israel and provides us a platform to access the hundreds of cutting-edge technologies that Israel continues to produce.’

‘What we offer in return is the broadest sandbox of multiple B2B and B2C industries from Adani to multiple tech companies in Israel. It is a classic supply demand match between two nations that have always shared very strong bonds. The Adani-IIA collaboration will also help to open various channels for the latest technologies from Israel to enter India and accelerate the digitization of several other organizations,” he said.

Dror Bin, CEO, Israel Innovation Authority, said, “The Israel Innovation Authority is pleased to partner with the Adani Group in cementing Adani’s and India’s strategic collaboration with Israel, following the group’s historic acquisition of Haifa Port last month.’

‘The Adani Group, one of India’s largest conglomerates, is a partner of choice for any Israeli startup looking to tap into the world’s fastest growing economy – India. With this MoU, the Israel Innovation Authority will provide Israeli companies a unique opportunity to co-develop, pilot and scale-up innovative technologies in collaboration with Adani’s diverse businesses in the fields of renewable energy, AI, logistics and more,” he said.

‘As we celebrate this year the 30th anniversary of the establishment of diplomatic ties between India and Israel, we are proud to further expand our collaboration with India in the field of innovation, and together with the Adani Group, lead the sustainable and digital transformation that will create ripple effects worldwide,” he added.

Under the provisions of Israeli industrial laws and policies that encourage research, development and technological innovation, the Adani Group will screen and select Israeli start-ups and other innovation companies developing new and exciting solutions in the tech space.

Approved projects will then be assisted by the Adani Group and supported by the Israel Innovation Authority, the statement added.

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Via UNI-India
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