India Connect March- April 2017
Visit of National Security Adviser Ajit Doval
National Security Adviser Ajit Doval visited Israel on March 1 to meet his counterpart Brig.Gen. (ret.) Jacob Nagel. NSA Doval also called on PM Netanyahu during the visit.
Pravasi Bharatiya Samman to Dr. Lael Anson
Ambassador Pavan Kapoor handed over the Pravasi Bharatiya Samman, an Award conferred by the President of India, to Dr. Lael Anson Best in Haifa on April 19. Dr. Best was conferred the Award for his accomplishments in the field of cardiothoracics at the Pravasi Bharatiya Diwas in Bengaluru on January 9, 2017. Dr. Best is the third person from Israel to win this prestigious Award.
Indian delegation participated in Med in Israel exhibition
Between March 7-9, an Indian delegation comprised of high-level executives and representatives from hospitals and medical devices companies visited Med in Israel exhibition on medical devices. On March 8th, the delegation met with the Deputy Chief of Mission, Dr. Anju Kumar for a discussion on the vast opportunities for medical devices in Israel as a part of the event titled "Indian Market Access Cocktail" organized by Pears Program for Global Innovation.
Israeli delegation to Technotex
Embassy of India in Israel organized an 8-member's delegation of Israeli technical textile companies to Technotex – India's biggest technical textiles exhibition. The delegation was organized with the help of the Israeli Chamber of Commerce and the Federation of Indian Chambers of Commerce & Industry (FICCI). The event was fully subsidized by the organizers in order to increase India's textile exports. In 2016, Israel imported textiles from India in the amount of USD 141 million.
Israeli delegation to CAPINDIA
Embassy of India in Israel organized a delegation of 5 top chemicals companies from Israel to participate in CAPINDIA – India's largest exhibition for chemicals on 21-22 March organized by Chemexcil which fully subsidized the event for Israeli companies. In 2016, Israel imported Chemicals from India in the amount of USD 235 Million.
India – Partner country in ISDEF Exhibition
Ambassador of India Pavan Kapoor announced at a special reception held on March 28 that India would be a partner country for ISDEF (leading defence exhibition expo in Israel). More than 50 Indian defense companies will be showcased at the 8th International Defense and Homeland Security Expo (ISDEF) in Tel Aviv on June 6-8 to mark the 25th anniversary of diplomatic relations between India and Israel.
International Yoga day is coming to Rabin Square on 21.6
After the success of the last two events, the 3rd International Yoga Day organized by the Embassy of India will be held in Rabin Square for the first time. Thousands of people are expected to come to the event which will host special guests from India, music and dance performances to mark the 25th anniversary of diplomatic relations between India and Israel.
India to Buy $1 Billion in Israeli Anti-Tank Missiles
Israel’s Rafael Advanced Defense Systems and the Indian Defense Ministry have inked a $1 billion deal under which Rafael will sell India its Spike anti-tank missiles. The Spike missile was developed in Israel for land-to-land missile strikes against enemy tanks. It is considered a "fire-and-forget" munition, however, some versions of the Strike missile can be user-guided via a "fire, observe, and update" model. The Ministry of Defense has officially "forwarded the deal to the Cabinet Committee of Security, which is likely to clear the same (deal)".
Israel Weapon Industries (IWI) has set up a joint venture with an Indian partner to manufacture small arms, including assault rifles
IWI has tied up with India's Punj Lloyd to manufacture small arms including assault rifles, such as Tavor 21 and Galil, under technology transfer arrangement. Punj Lloyd has inaugurated a plant in central India with the help of IWI and the production of small arms will begin here this year. Punj Lloyd will manufacture 5.56x45mm Tavor assault rifles that can fire up to 950 rounds per minute, and X-95 short weapon with a long barrel, three-caliber weapon having 360° Picatinny rail. Apart from assault rifles, the joint venture will also manufacture semi-automatic Negev (5.56X45mm and 7.62X51mm) assault light machine gun and 7.62x51mm semi-automatic Galil sniper rifles.
World Bank says Indian economy to grow at 7.2% in 2018
The Indian economy is expected to grow at 7.2 per cent in 2017-18 and further accelerate to 7.5 per cent in 2018-19, according to a report by the World Bank. The growth in India had slowed down to 6.8 per cent in 2016-17 due to a combination of weak investments and the impact of demonetisation, however the economy is expected to recover and growth will gradually accelerate to 7.7 per cent by 2019-20. Timely and smooth implementation of the goods and services tax (GST) could prove to be a significant upside risk to economic activity in 2017-18.
For comments, suggestions, economic information and business opportunities, please contact the Embassy's Commercial Section:
--Dr. Anju Kumar, Deputy Chief of Mission and Head of the Commercial Wing [email protected]
--Mr. Eldos Mathew Punnoose, Second Secretary
-Ms. Shayela Israel, Trade Officer
-Ms. Nitzan Bitan, Commercial Officer
-Mr. Yakir Dahari, Marketing Officer
140 Hayarkon St., P.O.B 3368, Tel-Aviv 61033, T: 03-5291999, F: 03-5291952