Continuing a long-standing relationship among India, United States, and Israel, Tel Aviv is planning to host a first ever annual meeting of a Tri-National Accord on important sectors. Emphasizing the need for greater cooperation between India, Israel and the US, Israeli Vice Prime Minister Ehud Olmert has proposed the setting up of a "Trilateral Fund" to stimulate, promote and support industrial research and development for mutual benefit ensuring strategic triad concept between the three democracies. The US and Israel already have a binational fund, commonly referred to as BIRD Foundation (Binational Industrial Research and Development). Its mission is to stimulate, promote and support industrial R&D for mutual benefit of the U.S. and Israel. Israel had earlier suggested setting up a similar fund TIRD (Tri-national Industrial Research and Development) to boost Indo-Israeli cooperation during the visit of the then Commerce Minister Arun Jaitley to Tel Aviv. Israel’s excellent science, cutting edge technologies and ambitious entrepreneurs have generated great interest in global markets and it is imperative to analyse the benefits that India would get out of this ‘Strategic coalition’. 

India, United States and Israel are democracies that have survived amidst hostilities. However India and Israel are surrounded by uncompromising adversaries in a heavily militarised security environment. Both nations have fought wars in nearly every decade of their existence, facing external and internal security threats in the form of Islamic terrorism and sabotage. During the Kargil War, despite pressures from various quarters, Israel supplied UAVs for high altitude surveillance, laser–guided systems and many other items within 24 hours to India.   It is therefore natural for India to reach out to Israel in terms of establishment of meaningful political and economic relations.

After assuming charge in his South Block office, Mr Natwar Singh told media persons that foreign policy, by its very nature, was "evolutionary, not revolutionary" and “India would make efforts to improving relations with all its neighbours and specially with Israelâ€Â