India

Jaishankar meets Israeli Economy Minister Nir Barkat, discuss trade, technology and investment cooperation

External Affairs Minister (EAM) S Jaishankar met Israel’s Minister of Economy and Industry, Nir Barkat, in New Delhi to explore avenues for bolstering trade, technology, and investment ties.

In a post on X (formerly Twitter), Jaishankar said, “Great to meet Minister of Economy & Industry Nir Barkat of Israel today in Delhi. Discussed strengthening the potential of our trade, technology and investment cooperation. Also exchanged views on developments in the region.”

During his visit, Minister Barkat emphasised the need for enhanced connectivity between the two nations, particularly through increased flight operations. Speaking to ANI, he said that greater connectivity would significantly boost business and tourism ties.

He highlighted the immense potential of India-Israel cooperation, noting, “The sky is the limit” for bilateral business growth. Barkat added, “Once we have a better trade understanding, more agreements and more collaborations between the countries and flights, I believe you can scale in double-digit numbers every year in the next foreseeable years.”

The Israeli minister also addressed concerns regarding safety following recent conflicts in the region. He assured that Israel is “100 per cent safe” for travel and business, citing the continued operations of Israeli carrier El Al as evidence of the region’s stability.

Barkat stressed, “We want to encourage people, get the flights back on track, and for people to come and visit and do business. I look at the future and I see the opportunity.”

Discussions are reportedly ongoing to improve flight connectivity between India and Israel.

Since the establishment of diplomatic ties in 1992, India-Israel relations have witnessed rapid growth, especially in trade and economic sectors. India is Israel’s second-largest trading partner in Asia, with bilateral merchandise trade historically dominated by diamonds, petroleum products, and chemicals.

In recent years, however, there has been a notable increase in trade involving high-tech products, electronic machinery, communication systems, and medical equipment. According to the Ministry of External Affairs, India remains a ‘focus’ country for Israel’s expanding trade efforts.

ANI

Ani service

Recent Posts

India is fifth largest economy, their presence at G7 meeting ‘makes sense’: Canada PM

Canadian Prime Minister Mark Carney on Friday (local time) said that G7 countries will hold…

53 minutes ago

China ramps up military activity near Taiwan: 34 aircraft, 8 naval vessels, 1 ship detected

Taiwan's Ministry of National Defence detected 34 sorties of Chinese aircraft, eight Chinese naval vessels…

2 hours ago

“India being invited to G7 Summit, our PM reaching out for this is fantastic development”: Canadian lawmaker

By Ravi Khandelwal Canada needs to have a better relationship with India and move forward…

2 hours ago

We stand firm and resolute in our collective fight against terrorism: PM Modi after meeting Central Asian Foreign Ministers

Prime Minister Narendra Modi on Friday reaffirmed India's commitment to fighting terrorism, stating that India…

2 hours ago

Lebanon: Israel conducts precision airstrikes on Hezbollah’s UAV production, storage sites and drone workshop

Israeli Defence Forces (IDF) shared operational details of conducting precision strikes at Hezbollah targets in…

17 hours ago

Productive discussions on connectivity, security, terrorism: Jaishankar at India-Central Asia Dialogue

External Affairs Minister S Jaishankar, chairing the 4th India-Central Asia Dialogue in Delhi on Thursday,…

18 hours ago