Meeting to enhance strategic partnership unlocking opportunities for trade, investment, and tech collaboration

India-Israel partnership, built on shared values of democracy, economic resilience, and technological advancement: Shri Piyush Goyal

Confederation of Indian Industry (CII) and Federation of Indian Chamber of Commerce and Industry (FICCI) in collaboration with the Department for Promotion of Industry and Internal Trade (DPIIT) and the Embassy of Israel, successfully hosted the India-Israel Business Forum and the 3rd India-Israel CEO Forum in New Delhi. These landmark events reinforced the deep-rooted economic and strategic partnership between the two nations, unlocking new opportunities for trade, investment, and technological collaboration.

Addressing the gathering during the inaugural session of the Business Forum, Union Minister of Commerce & Industry, Shri Piyush Goyal reaffirmed India’s commitment to becoming a USD 30-35 trillion economy by 2047, aligning with the vision of Viksit Bharat. He emphasized the growing India-Israel partnership, built on shared values of democracy, economic resilience, and technological advancement, while underlining India’s zero-tolerance policy on terrorism and commitment to global peace and security.

Highlighting India’s 10 key strengths in terms of 10 D’s, that define its economic potential, the Minister spoke about Democracy – Equal opportunities for all, Demographic Dividend – A young and skilled workforce, Diversity – A multi-dimensional economy with vast opportunities, Digitization – Rapid technological transformation, Decarbonization – Commitment to a green economy, Determination – A workforce driven by innovation, Development – A robust policy framework for growth, Dependability – A trusted global partner, Decisive Leadership – Bold economic reforms and Demand – A thriving domestic market.

Minister Goyal also highlighted the digital prowess of India and how the country has been able to digitise very rapidly in Agritech and education and in every aspect of the economy. He emphasised that inclusive growth opens up a new set of opportunities leading to development of all regions of India. He mentioned that Israel could look upon India as a trusted and dependable partner, emphasizing the role of India during the COVID pandemic and how India has met every commitment.

H E MK Nir Barkat, Minister of Economy and Industry, State of Israel said that the delegation to India Israel Business Forum was the biggest ever mission to any country from Israel. He said, “I want to mention that there is a special friendship between Prime Minister Shri Narendra Modi and Prime Minister Netanyahu throughout the years with very strong Government-to-Government collaboration.”

He underscored two important goals of the Forum. First, to get Israeli companies’ exposure and seek collaboration opportunities with India and the second is to discover what the Government from both sides can do to make the relationship between India and Israel even deeper.

Minister Barkat also underscored the importance of India–Middle East–Europe Economic Corridor (IMEEC) and the India Israel Business Forum provides an opportunity to make that happen.

Speaking during the inaugural session of the Business Forum, Shri Amardeep Singh Bhatia, Secretary, DPIIT, Ministry of Commerce & Industry, Government of India highlighted that India has a large market with skills across the spectrum including skills in designing of chips and research in pharmaceuticals, highlighting collaboration opportunities with the robust innovation ecosystem of Israel and enhancing FDI both ways.

H E Reuven Azar, Ambassador of Israel to India mentioned how India and Israel can geopolitically secure their supply chains and secondly on discovering strategies to win the race for global competition. He highlighted that both countries can come together and form the partnership in high tech manufacturing, research & development and provide the outlook for future Israel-India partnership with the signing of the Mutual Investment Agreement in March.   

The 3rd India-Israel CEO Forum witnessed strategic discussions between industry leaders, policymakers, and investors. The CEO Forum focused on expanding India-Israel business and trade relations, particularly in Key Areas of Collaboration like:

• Technology & Innovation: Strengthening partnerships in AI, quantum computing, smart manufacturing, and cybersecurity.
• Agriculture & Healthcare: Leveraging Israeli agri-tech and medical R&D to enhance food security and healthcare innovation.
• Défense & Homeland Security: Deepening cooperation in defense manufacturing and security technology.
• Energy & Water Management: Expanding joint efforts in renewable energy, energy conservation, smart grids, and sustainable water solutions.
• Investment & Trade Facilitation: Enhancing FDI in both directions and fostering ease of doing business.

Mr Avi Balashnikov, Chairman of the Board, Israel Export Institute said that “people sometimes talk about big India and small Israel but when I look, I see two giants with India giant in size and scale and Israel giant in new ideas.”

Mr. Sanjiv Puri, President, CII mentioned several areas of collaboration opportunities including AI and quantum computing, renewable energy, water, and further mentioned about strengthening of India–Israel Industrial R&D and Technological Innovation Fund.

The Israel India Business Forum saw participation from industry members of India and Israel. At the B2B interactions, industry members discussed potential areas of collaboration between the countries. The Forum saw 500+ B2B meetings.

The India-Israel Business Forum & CEO Forum mark a significant milestone in accelerating economic cooperation, trade expansion, and investment-led growth. As natural allies, India and Israel are committed to fostering a future-ready partnership, driving innovation, and creating opportunities for mutual prosperity.