Indian security solutions provider Micro Technologies India has signed a marketing deal with Israel's PetroNET to sell security products in Israel.
PetroNET Wet Stock Management would in return provide sales support to Micro Technologies.
Micro Technologies is targeting $5 million business in two years, the company said in a statement.
The new venture is likely to open further opportunities for growth in Israel.
"This association will strategically operate in Israeli market and will soon open more avenues and good business prospects in a newer market," the company said.
Shares of Micro Technologies went up 0.34 per cent today on the Bombay Stock Exchange (BSE).