CURRENT AFFAIRS
CURRENT AFFAIRS
Description
For decades, India and Israel, two countries with contrasting cultures and histories, have maintained diplomatic relations. These countries' relationship goes beyond politics and diplomacy and includes trade, investment, and cooperation in a variety of fields.
Trade Relations
The trade relationship between India and Israel has flourished over the years, benefitting both countries. India’s primary exports to Israel include:
Pearls and precious stones
Chemical and mineral products
Machinery and electrical equipment
Textile and textile articles
Plastics
Conversely, India imports the following categories of goods from Israel:
Machinery and electrical equipment
Base metals
Defence-related equipment
Machinery and transport equipment
Chemical and mineral products
This exchange of goods and services reflects the growing economic interdependence between the two nations.
FDI (Foreign Direct Investment)
Although Israel has made major investments in India, it remains a tiny contributor to FDI. The presence of significant Israeli firms in India, such as Avgol Nonwovens and Teva Pharmaceutical Industries Limited, has aided the economic connection.
Brands From Israel In India List Of Important Companies In India
Several Israeli enterprises have established themselves in the Indian market, strengthening the two nations' economic links. These companies include, among others, Avgol Nonwovens, Rivulis, NeoLynk, Ecoppia, Naa'n Dan Jain, Aqwise, Polemix, Eli Hajaj, Alumayer, Plasson, Huliot, Metzerplas, IDE, and Netafim.
Israeli Businesses In Madhya Pradesh
Teva Pharmaceutical Industries Limited and Avgol are two Israeli firms that have established operations in the Indian state of Madhya Pradesh, benefiting the local economy.
Potential Collaboration Sectors
India and Israel have identified numerous possible areas for collaboration-
Defence: Israel is a major supplier of defense equipment to India. This collaboration boosts the security and technological capacities of both countries.
Agritech: Both countries may gain from agricultural technology partnership by exchanging experience in sectors such as precision farming, irrigation, and sustainable agriculture.
Food processing: joint ventures can improve the quality and efficiency of food production in India, benefiting both farmers and consumers.
Electronics: Collaboration in the electronics sector can lead to the development of breakthrough technologies and products, thereby strengthening both countries' technology ecosystems.
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