Search Result for : India Israel

The Dollar Business Bureau ONGC, India’s state run oil and natural gas corporation is planning to bid to explore the Israeli oil and gas blocks. This was revealed to the media by the Oil minister, Dharmendra Pradhan today. This could be the first major deal between the two countries. Dharmendra Pradhan had met his Israeli counterpart Yuval Steinitz on the sidelines of the World Petroleum Congress soon after after Prime Minister Modi visited Israel and signed trade deals worth billions of dollars. Israel had issued tenders last year calling for licences to drill 24 blocs of upto 400 square kilometres in size and Indian energy companies like ONGC had announced their participation. According to an evaluation released by the Israeli Ministry of Energy, the Levant ...

The Dollar Business Bureau Prime Minister Narendra Modi’s three-day visit to Israel is a landmark moment for the Jewish nation, which is seeking the friendships of powerful partners and clients for its cutting-edge military equipment. Modi started his historic’ visit on Tuesday - the first ever by an Indian Prime Minister to Israel and received an overwhelming welcome by the Jewish state.  Reflecting the significance that this is a first visit by an Indian premier since the establishment of Israel 70 years ago, the Middle East nation rolled out a red carpet to welcome the PM when he landed at Tel Aviv's International Airport. Israel’s Prime Minister Benjamin Netanyahu broke the protocol and received Modi with handshakes and hugs. Netanyahu was present with his entire Cabinet and ...

The Dollar Business Bureau During the historic visit of Prime Minister Narendra Modi to Israel, the Middle Eastern country is looking to boost its exports by exploiting huge base of India’s middle class consumers. However, the scepticism continues in the Jewish nation due to the stalled talks on the India-Israel FTA (Free Trade Agreement).  “India is a key export market for Israel. Tightening relations with India and this historic visit of the Indian Prime Minister will lead, beyond increasing security exports, to growth in trade in goods and services," said Eli Cohen, Israeli Minister of Economy and Industry.  “The economy of India is becoming a major destination for Israel’s exports, with the country’s more than 1.3 billion citizens driven by 300 million consumers ...

The Dollar Business Bureau   Wake up: the most important PM of the world is coming", is how Prime Minister Narendra Modi's forthcoming visit to Israel, the first by an Indian premier, is described in an article in one of the leading Israeli business daily.Business daily 'The Marker' in a feature story in its Hebrew edition discussing Indo-Israel ties says that Israelis had set up huge expectations from US President Donald Trump's visit to the Jewish state but "he didn't say much" while Modi, a leader of 1.25 billion people enjoying massive popularity and representing one of the fastest growing economies of the world deserves a lot of attention.Other local newspapers and news portals have also given a lot of attention to ...

The Dollar Business Bureau India’s friendship with Israel has been translating into a growth in huge export numbers. In April this year, engineering exports to Israel grew six times over the same month last year, the Engineering Exports Promotion Council (EEPC) revealed today. This is significant given the fact that Prime Minister Narendra Modi will be visiting Israel on July 5 and is keen to ensure that his visit is not focussed on defence ties alone, but includes long-term economic and technological cooperation resulting in a Free Trade Agreement. According to the data released by EEPC, the shipments of engineering goods have increased to $146.42 million in the month of April alone, which is a whopping 640% more than last year’s April ...

The Dollar Business Bureau Israel wants India to further ease the process of doing business and offer a more investor- friendly environment to its companies, an issue that may come up for discussion during PM Narendra Modi’s upcoming visit to the country. Israeli sources said the Jewish country is optimistic on further progress on a Free-Trade Agreement (FTA) with India. The two countries have had eight rounds of discussions on FTA till now. An FTA will help Israeli companies in their business activities in India, the source said. From $200 million in 1992 (comprising primarily trade in diamonds), the bilateral merchandise between the two countries reached $5.19 billion in 2011. However, it stagnated around $4-4.5 billion with bilateral trade (excluding defence) for 2015 being $ 4.14 ...

The Dollar Business Just before he embarked on a six-day visit to India, Israel President  Reuven Rivlin described his association with India as, “an important ally and close friend of Israel, a state with whom we have much in common.” Indeed the relations between India and Israel go a long way back to 1992 when India normalised its ties and the relationship slowly but steadily developed. Both the countries share intelligence, close defence ties and homeland security. Israel’s quest for additional markets in the S.E Asian region and India’s  need for better defence supplies, better technology brought both the countries closer. India has become Israel’s largest customer for its defence supplies while Israel ranks high in India’s list of suppliers. Between 2005 and ...

The Dollar Business Bureau India-based information technology firm Trigyn on Friday announced that it is working under a contract with Israel-based defence company Aeronautics Ltd. Trigyn would provide technology services including the operations and maintenance of surveillance technology equipment to Aeronautics Ltd. The Israel company develops, produces and markets unmanned aircraft and is one of the largest supplier of unmanned aircraft in Israel. It is also one of the leading UAV companies in the world. The Indian IT company has finished the Initial Operational Capability (IOC) stage and is now operating in the Final Operational Capability (FOC) stage of the project. “Trigyn has been chosen as an implementation partner based on the experience that it has served international organisations across 19 countries for over ...