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India and Israel on Tuesday (9 November) signed a bilateral innovation agreement (BIA) to promote innovation and accelerated research and development (R&D) in startups and MSMEs of both countries for the development of dual use technologies.

Under the agreement, the startups and industry of both the countries will work together to bring out next generation technologies and products in the areas such as drones, robotics, artificial intelligence (AI), quantum technology, photonics, biosensing, brain-machine interface, energy storage, wearable devices, natural language processing etc, the Ministry of Defence said in a statement on Tuesday.

The agreement was signed between India's Defence Research and Development Organisation (DRDO) and Israel's Directorate of Defence Research and Development (DDR&D).

DRDO chairman G Satheesh Reddy and DDR&D head Daniel Gold signed the pact in New Delhi on Tuesday.

The products and technologies developed under the pact will be customised to meet the unique requirements of both the countries.

The development efforts will be jointly funded by DRDO and Israel's DDR&D, the ministry said.

The technologies developed under BIA will be available to both countries for their domestic applications.