India Israel Trade
Israel has extraordinary achievements in agriculture and agro-technology, irrigation, solar energy, and in many hi-tech industries and start-ups. Based on intensive R&D, Israel today is not only the land of milk and honey but also the land of hi-tech, including software, communications, biotechnology, pharmaceuticals, nanotechnology, electronics, software, medical equipment, printing, and computerized graphics. The major focus of the civilian trade has been in the areas of diamonds, agriculture, pharmaceuticals, chemicals and the IT sector. Trade and cooperation between the countries now centers primarily on security-related deals and aid in areas such as agriculture and water desalination. Israel outsources significant amount of legal work to India. Being a destination of choice for Legal Process Outsourcing, Indian legal professionals have now specialized in Israeli laws and are equipped to provide quality services. There is great scope of growth in the legal service sector.
Israel’s core strength in R&D involve in areas like life sciences, pharmaceuticals, biotechnology, software, telecommunication and semiconductors. Israel’s electronics industry excels in developing systems and solutions for micro-electronics, semiconductors, communications, Internet applications, electronic equipments, medical devices and diagnostic systems, smart-cards etc. There are ample opportunities of cooperation between India and Israel in the IT sector. India is a fast-growing economy with a strong consumer base and manufacturing capabilities. Israel has intrinsic strengths in product development and technological innovations. The promising sectors in India are renewable energy, telecom, food production, automobiles among others. Israeli companies have invested in India in projects involving agriculture and water technologies. Israeli companies are also setting up Research and Development (R&D) centers or production units in India. Major exports from India to Israel include precious stones and metals, chemical products, textile and textile articles, plants and vegetable products, mineral products, rubber and plastic products, base metals and machinery. Major exports from Israel to India include precious stones and metals, chemical and mineral products, base metals, machinery, and transport equipment.
Israel has offered India all help with top-notch military technologies like the Iron Dome interceptor in tune with PM Narendra Modi’s ‘Make in India’ policy, which includes indigenous defense production as a key thrust area. The ‘Make in India’ initiative has a lot in store for the Indian as well as foreign investors and manufacturers alike with the key focus on public-private partnerships and harnessing the potential of “Democracy, Demography and Demand.” While India Inc is set to gain from the campaign, the government has also stressed on inviting two kinds of FDIs- First Develop India and Foreign Direct Investment, where for India, FDI is a responsibility, it means to First Develop in India and for global investors, FDI is an opportunity in the form of Foreign Direct Investment. Being a facilitation window for investors wanting to do business in the country, Make in India campaign will act as a facilitator to foreign investors, guiding them through clearances and advising them on joint venture partners as well.
Israel’s core strength in R&D involve in areas like life sciences, pharmaceuticals, biotechnology, software, telecommunication and semiconductors. Israel’s electronics industry excels in developing systems and solutions for micro-electronics, semiconductors, communications, Internet applications, electronic equipments, medical devices and diagnostic systems, smart-cards etc. There are ample opportunities of cooperation between India and Israel in the IT sector. India is a fast-growing economy with a strong consumer base and manufacturing capabilities. Israel has intrinsic strengths in product development and technological innovations. The promising sectors in India are renewable energy, telecom, food production, automobiles among others. Israeli companies have invested in India in projects involving agriculture and water technologies. Israeli companies are also setting up Research and Development (R&D) centers or production units in India. Major exports from India to Israel include precious stones and metals, chemical products, textile and textile articles, plants and vegetable products, mineral products, rubber and plastic products, base metals and machinery. Major exports from Israel to India include precious stones and metals, chemical and mineral products, base metals, machinery, and transport equipment.
Israel has offered India all help with top-notch military technologies like the Iron Dome interceptor in tune with PM Narendra Modi’s ‘Make in India’ policy, which includes indigenous defense production as a key thrust area. The ‘Make in India’ initiative has a lot in store for the Indian as well as foreign investors and manufacturers alike with the key focus on public-private partnerships and harnessing the potential of “Democracy, Demography and Demand.” While India Inc is set to gain from the campaign, the government has also stressed on inviting two kinds of FDIs- First Develop India and Foreign Direct Investment, where for India, FDI is a responsibility, it means to First Develop in India and for global investors, FDI is an opportunity in the form of Foreign Direct Investment. Being a facilitation window for investors wanting to do business in the country, Make in India campaign will act as a facilitator to foreign investors, guiding them through clearances and advising them on joint venture partners as well.
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