Tel Aviv: Indian telecommunication companies have signed 22 memoranda of understanding (MoUs) with their Israeli counterparts covering a range of business activities in the growing sector.

As part of their six-day visit aimed at acquainting themselves with communication companies and their technologies, 15 Indian delegates held discussions with Israel's Industry, Trade and Labour Minister Ehud Olmert, who said Israel would like to expand and deepen business ties with New Delhi.

"In such a short period as many as 180 one-to-one meetings were held between the two sides, apart form holding conferences, and visiting high-tech centres,'' Confederation of Indian Industry (CII) Deputy Director General Dileep Chenoy said at the end of the six-day visit.

The MoUs signed between the two relate to network management system, systems and process to expand the efficiency of the network, specific equipments and systems which can reduce the cost for cellular and basic service operators by reducing dependence on spectrum, value-added services such as video messaging and flexible voice mails.

"Israeli advancement in value-added services, location-based services and the use of applications in the limited spectrum consumer and commercial markets can be of great use to a country like India," chairman of CII Telecom Council and managing director of Tata Industries Limited Kishor Chaukar said.

India has a huge reservoir of technical manpower, at an extremely reasonable price. If Israel adds its technologies to Indian resources, it is a winning combination on a global scale, Chaukar added.

PTI