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Israel and India seal multi-million pound tech deal

    A multi-million pound fund is set to strengthen economic ties between Israel and India.

    Government representatives established a £24 million investment pot to support technological ventures between entrepreneurs from both countries.

    The two governments will each put in half the money over a period of five years.

    The deal was announced on Tuesday by Israel's Economy Minister Naftali Bennett, who visited India on a diplomatic trip last year.

    Mr Bennett also spoke about the effect a Palestinian state could have on Israel in a speech on Monday.

    According to a report in Haaretz, he told the Habayit Hayehudi Knesset faction that: "A Palestinian state will wreck Israel's economy."

    Mr Bennett said it posed a bigger security threat than any boycott.

    Referring to a Dutch pension fund's decision to cease dealings with five Israeli banks operating in the West Bank, he said:

    "Every day a missile will fall on another street in Herzliya Pituah. Ask yourselves how the Israeli economy will look if just once a year a plane about to land at Ben Gurion Airport falls out of the sky. It will decimate the Israeli economy."

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