Deal to enable integration of Israeli technology in infrastructure projects around the world
By Ronit Goodman /
Israel’s Chief Scientist, Avi Hasson, travelled to New Delhi this week to sign an R&D cooperation agreement with Punj Lloyd to enable the integration of Israeli technology in projects performed by the Indian infrastructure company around the world.
The agreement was formed within the corporation-plan framework of the Chief Scientist, which is designed to create a strategic and technological cooperation between Israeli companies and large international corporations. The program provides an available and convenient platform for Israeli companies, with government funding, to promote research and development activities with customers.
The Punj Lloyd agreement is the 24th signed under this platform and the second with an Indian company. Other agreements have been signed with companies such as IBM, Coca-Cola, Merck, Deutsche Telekom, General Electric, Intel and HP.
“It is the second agreement signed with a large Indian company in less than a year, ” Hasson said. “It reflects the increased efforts of the Office of the Chief Scientist to strengthen technological cooperation with Indian industry.”
Punj Lloyd Group is one of the largest conglomerates in India, with annual revenue of $2.1 billion. It provides planning, implementation and management of large-scale construction and infrastructure projects. The company operates in four main areas: energy (oil and gas); civil engineering; petrochemicals; and water sector.