Trade Relation Between India and Israel
Trade relations between India and Israel are as follows:
- In 2018-19, the value of bilateral merchandise trade, excluding defense, came to USD 5.65 billion. Diamonds constitute almost 40% of this trade, which is a substantial amount.
- Trade industries such as homeland security, IT, communications, pharmaceuticals, and agriculture have all seen increased diversification in recent years. The number of Indian software companies operating in Israel has increased.
- Several Indian firms, including TCS, State Bank of India, Jain Irrigation, Sun Pharma, Infosys, Tech Mahindra, and Wipro, have made large market investments in Israel.
Relation Between India and Israel
Relation Between India and Israel: India and Israel have a strong diplomatic relationship and mutually beneficial business cooperation. India is reportedly Israel’s third-largest Asian partner, indicating a stronger cooperation between the two nations. These relations date back to ancient times. Israel makes significant profits from the sale of crude oil to India. A Memorandum of Understanding (MoU) on Industrial Research and Development Cooperation was recently signed between Israel’s Defense Research and Development (DDR&D) and India’s Council of Scientific and Industrial Research (CSIR).
In this article, we will look into the level of relations between India and Israel offering an in-depth understanding of trade and business between the two nations. We will also discuss the trade between the two nations to demonstrate the effectiveness of their alliance.
Table of Content
- History of Relationship between India and Israel
- Political Relation Between India and Israel
- Military and Strategic Ties Between India and Israel
- Agricultural Relation Between India and Israel
- Science and Technology Relation Between India and Israel
- Cultural and Educational Relation Between India and Israel
- Oil and Natural Gas Sector Ties Between India and Israel
- Trade Relation Between India and Israel
- Official Site Visits
- Recent Development of Israel-India Relations
- Challenges in Bilateral Relations Between India and Israel