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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 The Indian Cabinet has given its approval to the Memorandum of Understanding (MoU) between Ministry of Agriculture & Farmers’ Welfare and the Ministry of Agriculture in the State of Palestine on agriculture cooperation. This was signed in May 2017, when Palestinian Minister of Foreign Affairs had visited the country. What could seem to be an innocuous agreement, one should also look at the extra efforts on the part of the Indian government to balance its ties with Israel, Palestine, Iran and the West Asian countries. The MoU provides for cooperation in the fields of agricultural research; veterinary field including capacity enhancement of Palestinian Veterinary services and Animal Health; irrigation and climate change. It will also be extended to areas ...

The Dollar Business Bureau Israel Aerospace Industries (IAI) the official branch of Israel defence said today that it has signed another deal worth $630 mn to supply Long Range Surface to Air Missile (LRSAM) systems to the Indian navy. The deal would be jointly executed by Bharat Electronics Ltd (BEL) serving as the main contractor in the project, IAI and DRDO. The development of the missile in India would give a boost to the PM’s Make in India campaign. This is also going to be Israel’s largest defence contract with India which is worth $2 billion. It is aimed to equip the Indian navy with state-of-the-art missile defence systems. IAI will be developing the LRSAM systems in joint collaboration with Defence Research and Development ...

PTI Israel's leading hotel chain, Dan Hotels, is set to venture into India by opening its property in Bengaluru in July, its first overseas facility outside the Middle East. "If all goes well and regulatory requirements are met quickly, the hotel will be operational in July," a senior executive at Dan told PTI. The 230-room luxury hotel is coming up close to Bengaluru's high-tech park and will have easy access to it. "We chose Bengaluru because it presents us with a good opportunity given that so many Israeli tech companies have a presence in the city," the official said, adding that the hotel chain would look to explore further opportunities in other Indian cities in the future. ...

The Dollar Business Bureau India, one of the world's largest defence importers, and Israel, globally known as a top exporter of military prowess, have signed a historic defence trade deal of $2 billion. Under the said deal, Israel will provide India with advanced surface to air missile (SAM) systems. These defence systems are used to target enemy aircraft, drones and missiles within a 50 km - 70 km range. The mega defence deal is a big step towards expanding bilateral defence cooperation between the two countries ahead of PM Modi's visit to Tel Aviv in July, 2017. This will also give a fillip to the total trade between India and Israel which stood at $4.9 billion as of 2015-16, registering negative growth every year since 2011-12, when it was at a high of $6.7 billion. Under the agreement, Israel has agreed ...

The Dollar Business Bureau The DGAD has initiated a sunset review of ADD (Anti-dumping duty) imposed on the imports of phosphoric acid from Israel and Taiwan in its initiation notification no.- SSR 4/2017 dated Jan 12, 2017. The definitive anti-dumping duties on the imports from both the countries were imposed on April 4th, 2012 which expired on Jan 12 of this year. Based on the examination of the petition filed by the domestic industry the High Court of Delhi has initiated a review of the sunset review from the producers/exporters involved in the manufacture or sale of Phosphoric Acid of all grades and all concentrations (excluding Agriculture/Fertilizer Grade). Phosphoric Acid is an inorganic chemical used in the production of sodium phosphate, calcium phosphate, magnesium ...

PTI As a step towards promoting the cooperation between India and Israel in the agricultural sector, Israel seeks to increase the number of Centres of Excellence across India.There are currently 15 such centres that enable rapid transfer of Israeli agricultural technology to farmers, including those in the states of Punjab, Haryana and Rajasthan, and going ahead, these would be increased to 29.This was stated by Barak Granot, Head of Economic and Trade Mission, Embassy of Israel at the CII Agro Tech 2016, said a CII release.Referring to the partnership between India and Israel, Granot said, "Israel is a very small country, 60 per cent of it is a desert and yet it has achieved surpluses in food and water. The reason for ...