The delegation, comprising over 100 Israeli CEOs from healthcare, cyber, HLS, energy, automotive, retail, logistics, and hi-tech sectors, showcased Israel’s capabilities.
A high-level Israeli business delegation led by the Minister of Economy and Industry Nir Barkat — Israel’s largest of its kind — concluded a two-day visit to India on Wednesday.
The delegation, comprising over 100 Israeli CEOs from healthcare, cyber, HLS, energy, automotive, retail, logistics, and hi-tech sectors, showcased Israel’s capabilities.
The delegation’s agenda included high-level meetings with Indian business leaders and policymakers, industry-specific discussions, and site visits to explore opportunities in sectors such as advanced manufacturing, fintech, MedTech, agritech, renewable energy, and cybersecurity.
The delegation met with Indian Minister of Commerce and Industry Piyush Goyal.
“This historic delegation marks a new era of economic collaboration between Israel and India. We are here not just to do business, but to forge lasting strategic partnerships that will drive mutual growth,” said Barkat. “Together, we will turn opportunities into success stories and pave the way for a more prosperous future for both countries,” he added.
Israel and India share a history of collaboration across multiple domains, including agriculture, defence, water technology, and high-tech industries. This delegation’s visit marked a milestone in elevating economic cooperation.
The delegation’s size and profile “is a manifestation of unprecedented Israeli interest in the Indian economy,” Israel’s Ambassador to India, Reuven Azar, said. “It derives from the rise of India as a global power and the opportunities it creates for us not only as a market but also as a partner for production and an integral part of our chain of supply. This delegation has expanded the scope of business and created more partnerships in hi-tech, innovation, and infrastructure.”
Piyush Goyal, while addressing at the India Israel Business Forum organised by Confederation of Indian Industry (CII) in New Delhi, said that in the last decade 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 was quoted in a press release of Ministry of Commerce and Industry.
In a bid to prepare the nation to leverage the opportunities, 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, the release added.
Goyal outlined India’s ambitious technological and infrastructural roadmap at the India-Israel Business Forum, emphasizing rapid advancements in 5G connectivity, infrastructure expansion, and public welfare programs. He said, “By end of calendar 26 the entire country would be working only on 5G. We have already started developing our indigenous technology for 6G for telecom connectivity.”
The minister underlined India’s impressive infrastructure progress, stating that in the last decade, India has doubled its port capacity and expanded its airport network from 74 to over 150, with plans to increase this figure to 225 airports within the next five to six years.
Reaffirming India’s position as the fastest-growing large economy, Goyal expressed confidence that this momentum will continue for years to come, fuelled by strong infrastructure investment and economic policies.
ALSO READ: Jaishankar to meet Bangladesh Foreign Adviser in Muscat
