-4.80 (-0.23%) Adani Enterprises (AEL) has signed an MoU with the Israel Innovation Authority (IIA), the premier public-funded agency overseeing Israel's innovation policy, for cooperation in technological innovation between Israeli entities and the Adani Group. This cooperation will deepen the existing partnerships that Adani has already established over the past six years in Israel.
The MoU will lead to the creation of a cutting-edge innovation platform that will allow Adani businesses to access tech solutions provided by Israeli start-ups whereby selected innovation projects will be supported by the partnership. The collaboration will span climate change, cyber, AI, IoT, 5G, agriculture, all of which are core businesses for Adani.
Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.