World News - Latest International News - India Israel Trade Relations
Israel was India’s 38th –largest trading partner, with trade of U.S $5.02 billion (Rs 33,634 crore)
In 2016-2017, down 18 percent over 2012-2013.The trade balance stood in India’s favor at U.S $1.10
Billion (Rs 7,370 crore) in 2016-17.
Mineral fuels and oils are India’s leading export to Israel, worth U.S $1.01 billion in 2016-17.
India’s major imports from Israrl in 2016-17 included natural or cultural pearls and precious stones,
Worth U.S $1.11 billion. Trade in diamonds accounts for nearly 54 percent of the bilateral trade.
In addition to direct investments FDI from Israel to India also flows through USA, Europe and
Israeli Companies have invested in India in energy, renewable energy, telecom , real estate, water technologies, and are also setting up R&D centres and production units in India. The presence of Israeli Companies in India has grown to 300.
While official data about India’s investments in Israel is not available, significant investments from India in Israel include 100 percent acquisition of Israeli drip-irrigation company Naandan by Sun Pharma and Triveni Engineering Industries investment in Israeli waste water treatment company Aqwise.
India and Israel have a bilateral agreement for cooperation in agriculture. The bilateral action plan for 2015-2018 is currently operational. 10 out of the proposed 26 Centres of Excellence in agriculture. Being developed in India with Israeli help have already been commissioned across different states such as Harayana, Maharashtra, Rajasthan, Gujarat etc. The two countries signed an MOU on Cooperation in Water Resources Management, as well as a Declaration of Intent to further cooperation in agriculture during the visit of Israeli President Reuven Rivlin to India in November 2016.