Mumbai: Israel has sought greater investments
from India in order to provide a fillip to expanding
bilateral trade. trade between India and Israel during
the first nine months of 2006 reached $1.98 billion.
Israeli exports to India accounted for $885 million
compared to $928 million for the same period the previous
year, Israel''s deputy prime minister Eliyahu Yishai
from India to Israel amounted to $1.093 billion compared
to $1.026 billion in the same period last year, he noted.
1992, the volume of trade between Israel and India was
$200 million. This year, it will be close to $3 billion,"
he told a CII interactive session with the business
the last years few years, we have recorded acceleration
in the economic and commercial activities between the
two countries. Nevertheless, we still need to work in
order to increase it", he said.
industry, trade and labour ministry has declared India
as a `target market'' and allocated a special budget
in a bid to widen and deepen trade ties between the
two countries, he added.
said, despite the war with Lebanon last summer, foreign
investors are not averse to investing in Israel. In
fact the country witnessed a `record'' inflow of FDI
this year, he said.
two Israeli companies have joined hands to invest $100
million in the booming real estate sector of India.
Property and Building Corporation, a subsidiary of the
country''s largest holding company IDB Development Corporation
Electra Ltd have announced that they agreed on a joint
venture in which both of them will hold 45 per cent
stakes. The joint venture includes an unnamed Indian
partner, which will hold a ten per cent stake.
companies are currently examining investments in southeast
India, the companies said.