India and Israel aim to enhance their economic relationship via the India-Israel Business Forum and CEO Forum on February 11, 2025, in New Delhi, concentrating on technology, innovation, clean energy, and strategic trade partnerships.
India and Israel are poised to enhance their economic and trade collaboration through the India-Israel Business Forum and the India-Israel CEO Forum, both planned for February 11, 2025, in New Delhi. Main focal points will involve enhancing collaboration in technology and innovation, especially in AI, digital transformation, renewable energy, and smart manufacturing.
Investments from Israel in India have been growing, with multiple Israeli firms active in different sectors such as renewable energy, water technology, defense, and manufacturing. Likewise, Indian firms have achieved considerable penetration in Israel, especially in pharmaceuticals, information technology, and infrastructure.
Collaborative initiatives in clean energy and sustainability will enhance renewable energy, water preservation, and eco-friendly technologies. In the fields of healthcare and life sciences, partnerships will be strengthened in medical research, pharmaceutical commerce, and biotech funding. Moreover, agriculture and food security will gain from Israeli knowledge in precision farming, drip irrigation, and sustainable agricultural practices.
The Ministry of Commerce and Industry's Department for Promotion of Industry and Internal Trade (DPIIT), along with the Embassy of Israel and the Confederation of Indian Industry (CII), is hosting the India-Israel Business Forum. The forum will aim to enhance trade connections, encourage collaborations across sectors, and pinpoint investment prospects between Indian and Israeli enterprises.
Both forums align with the long-term vision of India and Israel for economic development and collaboration, emphasizing the significance of enhancing business ties, policy dialogues, and strategic alliances. They will enhance deeper collaboration between Indian and Israeli industries, stimulate foreign direct investment (FDI) and joint ventures, facilitate technology transfer and innovation collaborations, and increase trade by enacting policy reforms and creating new agreements.