Prime Minister Narendra Modi on Thursday said that India and Israel will soon finalise a mutually beneficial Free Trade Agreement (FTA) and announced the establishment of a "Critical and Emerging Technology Partnership" to deepen cooperation in the tech and innovation sectors.

Speaking during the joint statement with his Israeli counterpart Benjamin Netanyahu as part of his two-day state visit to the country, PM Modi said the two leaders discussed imparting a new direction and faster pace to bilateral cooperation.