India eyes stronger trade, technology ties with Israel through business forums
1 month, 2 weeks ago

India eyes stronger trade, technology ties with Israel through business forums

Live Mint  

NEW DELHI : India is set to deepen its economic engagement with Israel as top business leaders, policymakers, and industry representatives from both nations gather in New Delhi on Tuesday for the India-Israel Business Forum and the India-Israel CEO Forum. With Israel’s minister of economy and industry, Nir M. Barkat, leading a high-level business delegation, the visit comes at a time when India is pushing for trade diversification and technology-driven investments to accelerate economic growth. Organised by the Department for Promotion of Industry and Internal Trade in partnership with the Confederation of Indian Industry and the Embassy of Israel, the India-Israel Business Forum aims to explore new trade opportunities, enhance cross-sector partnerships, and strengthen investment ties, Union commerce ministry said in a statement on Monday. Key focus areas include artificial intelligence, digital transformation, and smart manufacturing, where Israel’s technological edge can complement India’s industrial expansion, the ministry said. Israeli companies have steadily increased their presence in India’s renewable energy, water technology, and manufacturing sectors, while Indian firms have made notable inroads in Israel’s IT, pharmaceuticals, and infrastructure industries.

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