BENGALURU: While India PMO welcomed Israel Prime Minister Benjamin Netanyahu yesterday for a six-day visit (14th-19th January), i t is expected that 8 MoUs will be signed today. The business delegation which consists of 100 companies, 20 startups and 30 government officials from the economic arena, aim to collaborate with Indian companies.Talking to ET, a top official executive said that MoUs with IT department of Andhra Pradesh, IT major Tech Mahindra , Mukesh Ambani-led Reliance Industries , Ashok Leyland among others will be signed today.The Israel Electric Corporation will render services and capacities to the State of Andhra Pradesh in the field of critical infrastructure. Further, it will also endeavor to facilitate and function as an accelerator for cyber security startups in the State of Andhra Pradesh.On the other hand, Israel-based big data and smart city tech startup mPrest is signing MoU with Reliance Industries. Also, Israel which is known for its cyber-security infrastructure will be collaborating with Tech Mahindra on that front.Overall, Israel will be majorly looking at rendering technological capabilities to India but not directly invest. “There are so many markets that are right now blocked for Israel companies but if we join hands with Indian manufacturers and share knowledge and technology, through a joint collaboration we can reach out to global markets,” he added.Dana Nahari, Head of Economic and Trade Mission, Israel Consulate General in Mumbai said that post Prime Minister Narendra Modi 's visit to Israel, they received many requests from Indian companies and therefore organized these meetings as many Israeli companies are keen to understand the Indian market.Along with these collaborations, India and Israel government is together also launching an R&D fund of $40million which will support businesses from both the countries. “Each company will bear 25% of the R&D cost while the governments together will sponsor 50% of the cost,” explained the executive.Over the last two years, a number of delegations from India were organized which showcased Israel’s capabilities and built cross-collaborations. Further Israel is now also looking to join hands with bodies like ASSOCHAM, CII, FICCI and NASSCOM to nurture business in both the countries.Nasscom Product Council is also signing MoU with Israel-based startup accelerator MassChallenge. The joint campaign will identify and attract relevant high potential startups to apply and be part of the 2018 MassChallenge. Leveraging the NASSCOM network, MassChallenge will support and grow its value proposition and bring Indian startups to the MassChallenge accelerator in Israel, according to sources.Last year, Nasscom Product Council and IT consulting major Accenture also visited Israel to form a pact with Israel Innovation Authority, and start an education initiative with Tel Aviv University , identify one accelerator partner and also partner with OurCrowd and Jerusalem Venture Partners.Modi had visited the Jewish state in July last year, becoming the first Indian premier to do so. Bilateral trade with Israel clocked $5.04 billion in 2016-17, rising 2.3 percent.