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Adani Enterprises, Israel Innovation Authority sign MoU to develop cutting-edge tech solutions
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IANS | 04 Aug, 2022
Adani
Enterprises Ltd (AEL), the business incubation arm of the Adani Group,
has signed an MoU with the Israel Innovation Authority (IIA), the
premier public-funded agency overseeing Israel's innovation policy, for
cooperation in technological innovation between Israeli entities and the
Adani Group.
This cooperation will deepen the existing
partnerships that Adani has already established over the past six years
in Israel. 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 organisations."
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 codevelop, pilot and scale-up
innovative technologies in collaboration with Adani's diverse businesses
in the fields of renewable energy, AI, logistics and more. 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."
The Adani Group's
broader strategy is to digitally integrate its current and future
businesses by linking its data centres through a network of submarine
and terrestrial cables, industrial level 5G connectivity, building the
largest industrial operations cloud in the world, developing the super
app to offer a suite of services across its consumer base of 400
million, and establishing a world-class AI centre of excellence. T
his
tie-up between Adani Enterprises and IIA is expected to further each
other's capabilities, technology leadership, resources and worldwide
presence. Under the provisions of Israeli industrial laws and policies
that encourage research, development and technological innovation, the
Adani Group will screen and select Israeli startups 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.
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