Israeli Prime Minister Benjamin Netanyahu has said that the India-Israel relationship can be further strengthened by cooperation in the construction sector, which is witnessing new trends of connectivity and artificial intelligence.
Addressing the annual event of Indian real esate body Credai, which is being hosted in Tel Aviv, Netanyahu said Israel is known for being a nation of innovations and has also become a hub for start-ups. Over the years, Israel's engagement with India covered areas of security, cyber security, IT and agriculture and now we plan to add new area of innovation in construction.
He said connectivity and artificial intelligence are revolutionising the construction sector and there is potential for cooperation in this area.
India's first innovation centre for technology will come up on a 42-acre site near Ahmedabad in Gujarat. This facility is likely to be inaugurated in the presence of Prime Minister Narendra Modi and his Israeli counterpart Netanyahu, according to Credai.
Tel Aviv is considered a start-up city with more than 1,700 start-ups. Many of them are focussing on use of technology for construction and property. These include use of artificial intelligence .
The Confederation of Real Estate Developers Association of India (CREDAI) 19th annual conference ‘Natcon’ is focussing on resilience and excellence.
More than 1,200 members of CREDAI from have converged to take stock of the real estate situation in India and seek to address the key challenges.