Israel’s economy minister to lead largest-ever business delegation to India next week

“This is the largest-ever multi-sector CEO-level delegation from Israel, with implicit 100 innovative Israeli companies from sectors similar healthcare, energy, cybersecurity, defence and homeland information (HLS), agritech, astute mobility, h2o technology, nutrient technology, and more,” officials told PTI.

The high-level sojourn is being organised by Israel’s Ministry of Economy and Industry successful coordination with India’s Ministry of Commerce and Industry. Key concern organisations from some countries volition participate, including the Israel Export Institute, the Federation of Israeli Chambers of Commerce, and The Manufacturers Association of Israel. On the Indian side, FICCI and CII volition play starring roles.

The programme volition diagnostic a concern forum, B2B meetings with Indian companies, and an exclusive CEOs Forum selected by some governments. This volition besides see a session  hosted by Invest India (under DPIIT), on with roundtable discussions and manufacture visits.

The Israeli delegation volition be the India Energy Week, which is scheduled to instrumentality spot successful Delhi astatine the aforesaid time.

Israeli businesses are hopeful that the resumption of Air India flights from March 2, on with a comparative calm successful Israel’s northbound and southbound owed to ceasefire agreements, volition further boost commercialized betwixt the 2 nations.

During his earlier sojourn to India successful April 2023, earlier the outbreak of the warfare successful October, Barkat had shown involvement successful hiring skilled Indian workers to code Israel’s labour shortages.

Since the struggle began with the Hamas panic onslaught connected Israel connected October 7, 2023, this shortage has go adjacent much critical. Israel has since brought successful astir 13,000 Indian workers for the operation assemblage and plans to enlistee respective 1000 much crossed assorted industries.

While India-Israel commercialized has historically focused connected diamond transactions since the constitution of diplomatic ties successful 1992, the narration has diversified successful caller years.

Both countries person identified six cardinal sectors for growth: precocious manufacturing, clime and godforsaken technology, agro and nutrient technology, defence and homeland security, high-tech industries, and beingness sciences and healthcare.

(with inputs from PTI)