India, Israel Negotiates On Maritime Alliance

New Delhi: India and Israel have accorded to explore areas of cooperation in road safety programmes. The decision was taken when the Israeli Deputy Prime Minister and Minister of Transport and Road Safety, Mr Shaul Mofaz, called on the Union Minister of Shipping, Road Transport and Highways, Mr T.R. Baalu. Mr Baalu outlined to the visiting dignitary the various investment opportunities available in India in the road and port sectors. The visiting dignitaries were also informed that Hindustan Shipyard Ltd was at an advanced stage of completing a joint venture with a leading Israeli company for bidding for 15 interceptor boats/vessels. The two sides also discussed the progress made on the earlier proposal for a Maritime Agreement between the two countries.