In a historic speech before Israel’s parliament, Prime Minister Narendra Modi outlined bold plans to elevate India-Israel economic relations. India stands ready to amplify trade volumes, fortify investment flows, and propel collaborative infrastructure initiatives, he declared.
The newly inked bilateral investment pact marks a milestone, instilling certainty for entrepreneurs across borders. Modi reflected on India’s recent trade deals with Western partners like the EU and UK, and Eastern allies UAE and Oman. Despite a surge in goods trade with Israel, ‘we’re just scratching the surface,’ he remarked, revealing ongoing talks for a comprehensive FTA.
Strategic platforms such as I2U2 and the India-Middle East-Europe Corridor will see intensified cooperation. Dubbed the ‘Startup Nation,’ Israel’s innovative spirit mirrors India’s startup revolution. The 2018 launch of a joint technology incubator has supported 900 ventures, a testament to shared success.
Fresh from organizing a landmark global AI summit with over 100 nations participating, India eyes synergies in cutting-edge fields like quantum tech, chips, and AI. Digital infrastructure innovations promise seamless financial linkages beyond borders.
Modi lauded Israel’s agricultural feats in arid lands, crediting drip irrigation expertise for transforming Indian practices. With 43 joint excellence centers training half a million farmers, the ambitious target now is 100 centers to uplift countless more in agriculture and fisheries.
These announcements signal a new era of economic synergy, blending India’s scale with Israel’s ingenuity for sustainable growth.