Commerce Minister invites investment from Israel, says India offers a stable and growing market

India and Israel’s common enemy is terrorism and Prime Ministers of both nations work with a shared purpose to eliminate it. This was stated by Union Minister of Commerce & Industry, Shri Piyush Goyal during his address at the India Israel Business Forum organised by Confederation of Indian Industry (CII) today in New Delhi.

In the last decade, Shri Goyal noted, the Government has focused on strengthening the macroeconomic fundamentals of the country with a strong emphasis on improving the infrastructure to take economic prosperity to every corner of the country. He also pointed out the Centre’s efforts to provide public welfare over the years. Today the efforts have given rich dividends. The nation is standing on strong macroeconomic fundamentals with ability to withstand Covid, war and amidst turbulent geopolitical times, he said.

In a bid to prepare the nation to leverage the opportunities, Shri Goyal spoke of 10 Ds - Democracy, Demographic Dividend, Digitalisation of the economy, Decarbonisation, Determination, Dependability of India, Decisive Leadership, Diversity, Development and Demand.

India has a strong judiciary to fall back on, the Minister noted, and said that the young demographic will provide a strong workforce for the future decades to come. Minister Goyal emphasised on India being a dependable partner to Israel as the country is known to keep every commitment it makes. He also stressed on the demand potential of the country that has shown rapid growth and is set to increase every year. Calling India and Israel natural allies, he noted that due to India’s large demand growth Israel has several key areas from technology to appliances to invest in.

Counterterrorism cooperation underpinning deeper economic partnership and proactive invitation for foreign investment into India's growing market. India and Israel affirmed cooperative action against terrorism and pledged closer bilateral economic ties, with India inviting Israeli investment based on strengthened macroeconomic fundamentals, infrastructure development, public welfare gains, demographic advantages, and rising domestic demand; India was presented as a dependable partner for technology and appliance investments.