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 Embassy of India in Israel
Commercial Wing

India Connect January- February  2017
 
Uri Ariel, Minister of Agriculture & Rural Development visited India
 
Minister of Agriculture, Uri Ariel, visited India and participated in Vibrant Gujarat Global Summit on January 10-13, with this year’s theme being “Sustainable Economic and Social Development”.
Prime Minister Narendra Modi and Israeli Agriculture Minister Uri Ariel also met on the sidelines of Vibrant Gujarat Summit.
Prime Minister Narendra Modi expressed his happiness at the significant progress in partnership with Israel in the agriculture sector. Modi called for an extended cooperation in new areas such as education, science, technology, research, and innovation, while also emphasizing on the facilitation in institutional linkages between Indian and Israeli universities.
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Visit of NABARD Delegation - February 5-11
The Embassy hosted a delegation of leading public and private sector banks of India headed by most prestigious agriculture bank NABARD (National Bank for Agriculture and Rural Development) on February 7th. The delegation visited Israel from February 5-11, and focused on Israeli Agriculture know-how and also finances for taking up Agri-based projects in India and interacted with top government officials and private companies. The delegation met the Deputy Chief of Mission, Dr. Anju Kumar and the Counsellor, Mr. Neelesh Kumar and discussed the different ways of cooperation between India and Israel in the fields of Agriculture and Fintech.
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Reporters delegation from India visited Israel on February 5

Dr. Anju Kumar, Deputy Chief of Mission participated in a seminar with a high-level delegation of leading economic reporters from India, moderated by Adv. Anat Bernstein-Reich, Chairperson of the Israel-India Chamber of Commerce. The event was organized by the Israel Ministry of Foreign Affairs in close cooperation with the Israel Export Institute, the Manufacturers Association of Israel and the Israel-Asia Chamber of Commerce.
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Official launch the year of "Growing Partnership" to celebrate 25 years of diplomatic relations between Israel and India
In a joint event, the Embassy of Israel in New Delhi and the Ministry of External Affairs, Government of India announced the beginning of the celebrations of 25 years of Diplomatic relations between the two countries. H.E Daniel Carmon, the Ambassador of Israel to India, H.E Amar Sinha, Secretary Economic Relations (MEA) along with Dr. Sachchidanand Joshi, Member Secretary of Indira Gandhi National Centre for Arts (IGNCA) unveiled the joint logo that symbolizes the Growing Partnership between the two nations. The logo will adorn all the celebration activities throughout the year. 
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Indian pavilion at International Mediterranean Tourism Market 2017
Embassy of India in Israel in cooperation with India Ministry of Tourism participated in the International Tourism Exhibition at the Tel Aviv Exhibition grounds. IMTM 2017, the 23rd annual international tourism exhibition, was held on February 7-8, 2017. IMTM is the official exhibition for the tourism trade market in Israel. The Indian pavilion promoted India as an attractive travel destination for Israelis.
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Economy to grow at 7.4% next fiscal
Indian Ratings and Research (Ind-Ra) expects the Indian economy to grow at 7.4 per cent year-on-year in the fiscal year 2017-18. The growth will be backed by consumption demand and government spending, leading to a growth of 3 per cent in agriculture sector, 6.1 per cent growth in industries and 9.1 per cent growth in the service sector. The final consumption expenditure is expected to grow at 8.9 per cent for the private sector and 9 per cent for the government. The Current Account Deficit (CAD) is expected to be 1 per cent of the GDP in 2017-18, as compared to 0.9 per cent in 2016-17

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Renewables to overtake India’s oil output in 2035
India’s demand for green energy is expected to grow by seven times in 2035, according to the latest BP Energy Outlook released on Wednesday. Accordingly, the share of renewable energy in the country’s fuel mix will increase from the present level of 2% to 8% in 2035. However, the green surge will be inadequate to meet India’s growing need for energy with the country’s demand growth expected to be more than double the non-OECD countries’ average of 52%. This comes in the backdrop of investors seeing enormous opportunity in India’s emerging green economy. India, the world’s third largest energy consuming economy after the US and China, plans to achieve 175 GW of renewable energy capacity by 2022.
 
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PSLV-C37 Successfully Launches 104 Satellites in a Single Flight
 
In its thirty ninth flight (PSLV-C37), ISRO's Polar Satellite Launch Vehicle successfully launched the 714 kg Cartosat-2 Series Satellite along with 103 co-passenger satellites February 15, 2017. This is the thirty eighth consecutively successful mission of PSLV. All the 104 satellites successfully separated from the PSLV fourth stage. The total number of Indian satellites launched by PSLV now stands at 46. Of the 103 co-passenger satellites carried by PSLV-C37, two – ISRO Nano Satellite-1 (INS-1) are technology demonstration satellites from India. The remaining 101 co-passenger satellites carried were international customer satellites from USA (96), The Netherlands (1), Switzerland (1), Israel (1), Kazakhstan (1) and UAE (1). With the successful launch, the total number of customer satellites from abroad launched by India’s workhorse launch vehicle PSLV has reached 180. This marks the first Israeli nanosatellite launched from India. The foot long satellite was developed in a joint effort of BGU, IAI and Israel’s Ministry of Science, Technology and Space and will be used for weather research.
 
 
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India approved USD 2.5 billion missile deal with Israel
A 2.5 billion deal has been approved by the government of India for jointly developing with Israel a medium-range surface-to-air missile (MR-SAM) for the army, reflecting India's fast growing defence ties with Israel. The project will be implemented by the DRDO (Defence Research and Development Organisation) and Israeli Aircraft Industry (IAI).
India is Israel's largest buyer of military hardware and the latter has been supplying various weapons systems, ​missiles and unmanned aerial vehicles over the last few years but the transactions have largely remained behind the curtains.

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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
 

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