Israel asks India Inc to help build infrastructure | business | Hindustan Times
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Israel asks India Inc to help build infrastructure

A delegation led by the Deputy Prime Minister Shaul Mofaz is in India seeking participation of the Indian private sector, reports Madhur Singh.

business Updated: Mar 22, 2007 05:34 IST

As Israel prepares a Master Plan to bring its transport infrastructure up to the standards of developed countries, a delegation led by the Deputy Prime Minister Shaul Mofaz is in India seeking participation of the Indian private sector.

Accompanied by Israel's Director General in the Ministry of Transport and Security, Gideon Siterman, Mofaz, during his two-day visit, held meetings with the ministers of Railways, Civil Aviation, Road Transport and Highways and Shipping, apart from the GMR Group.

“Our Master Plan has been given a budgetary support of $5bn,” Mofaz told a business gathering today, “There is immense scope for Indian companies to take advantage of this opportunity.”

Inviting Indian companies to compete for tenders in Israel, Mofaz called for greater collaboration in research and development. Transport secretary Siterman said Indian and Israeli companies could explore joint ventures to tap third-party markets.