Israeli officials and their Indian counterparts are due to discuss this week issues related to the proposed free trade agreement between the countries, which are aimed at further strengthening economic ties between the countries.
Israel's Director General of the Ministry of Economy Amit Lang will be visiting New Delhi on February 9-10. He will be accompanied by other officials from the Ministry of Economy, including Ohad Cohen, Head of the Foreign Trade Administration and Hanan Carmeli, Israel's Deputy Chief Scientist.
Embassy of Israel said in a statement: "They will meet relevant Indian authorities regarding the negotiations on the FTA between India and Israel, seeking to provide fresh momentum to the economic cooperation between both the countries."
During the visit, Lang will also participate in the OECD conference where he will speak about cooperation between the countries in fields such as water management, distribution of water and treatment.
Israeli water companies would share expertise on water purification and waste water treatment.
The proposed free trade agreement if implemented would help in enlarging the trade basket and volume between the countries.
Bilateral Trade between Israel and India has grown exponentially since both countries established diplomatic relations in 1991. Starting from a base of US$ 200 million in 1991-92, bilateral trade crossed US$ 6 billion in 2013/14. Today, India and Israel are cooperating not just in Defense, but in diverse sectors of economy such as agriculture, Green- & Clean Technologies, higher education, industrial R&D, Information Technology and Start-Ups.
There is plenty of potential for developing further economic ties with India. With muted growth in European markets following the global economic crisis, India offers attractive growth opportunities for Israeli products and services.
