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 Embassy of India in Israel
Commercial Wing
 
India Connect September-October 2016
 
 
CII CEOs delegation to Israel

A delegation of CEOs from CII led by Mr. Kris Gopalkrishnan visited Israel from September 11 to 13. The delegation met Israeli Startups, Venture Capitals, Incubators etc. CII also signed an MOU with Tel Aviv University on National Startup Center in Hyderabad during the visit.
 
 
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Visit of Agriculture Minister- September 18-20
 
Minister for Agriculture and Farmer's welfare Shri. Radha Mohan Singh visited Israel from September 18-20. Minister Singh expressed satisfaction at the level of cooperation in agriculture between the two countries. He also identified immense future scope for collaboration in areas such as dairy, aquaculture, collaborative research etc. He visited various agricultural facilities during the visit.
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Israeli Chamber of Commerce Seminar - September 6
 
Israel Asia Chambers of Commerce and Israeli Bi-National Chambers of Commerce and Industry jointly organized a business seminar on India on September 6 in Tel Aviv. Deputy Chief of Mission Dr. Anju Kumar and Member of Knesset Mr. Erel Margalit were the main speakers at the seminar. More than 50 people took part in the seminar.
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Visit of board members of i-Create
Chairman of i-Create Mr. N.R Narayana Murthy, along with four director board members of i-Create, visited Israel from October 15-22 for a study and assessment tour to Israel. The group interacted with entities across the spectrum of the Israeli start-up eco system during the vist. Ambassador met the group on October 20. 
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The 12th edition of Sakal Educon held in Tel Aviv
 
More than 40 educationists including Vice-Chancellors of several Indian Universities took part in the 12th edition of Sakal Educon, an annual educational conference, in Tel Aviv, from September 27-28. The central theme of this year’s Sakal Educon was ‘entrepreneurship and innovation’ and educationists discussed several topics including online education and internationalization of education in the two-day conference. Deputy Chief of Mission Dr. Anju Kumar addressed the gathering on the second day.
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India Makes the Biggest Leap on WEF’s Global Competitiveness Index, Ranks 39th Among 138
 
India has secured the 39th rank, climbing 16 places from last year, on the annual Global Competitiveness Index prepared by the World Economic Forum (WEF). Every year, WEF releases its Global Competitiveness Report based on their analysis of the world’s 138 economies. India is also the second most competitive economy among the BRICS nations.
 
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India up 21 places in WEF gender gap report
India has climbed 21 spots to rank 87th on the World Economic Forum's Global Gender Gap Report 2016. In 2015, it was ranked 108. The improvement in ranking, the report says, is driven largely by major improvements in education, where it has managed to close its gap entirely in primary and secondary education. 
 
 
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India's GSAT-18 Communication Satellite Launched Successfully
GSAT-18 Satellite, built by the Indian Space Research Organisation (ISRO), aims at providing telecommunications services for the country by strengthening ISRO’s current fleet of 14 operational telecommunication satellites was launched successfully on October 6th. “GSAT 18 is an important satellite for us that will enable the continuity of the vital communication services in our country by replacing the currently ageing satellites,” the ISRO Chairman A S Kiran Kumar said.
 
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Mormugao, Indian Navy’s advanced guided missile destroyer, launched in Mumbai
Indian Navy’s guided missile destroyer, Mormugao was launched in Mumbai on September 17th. Mormugao was built by the Mazgaon Shipyard which also plans to outsource work for 10 blocks to include private ship building yard in the programme. Mormugao is one of the most advanced warships. It has a displacement of 7,300 tonne with maximum speed of over 30 knots. It is equipped with surface-to-surface missiles, surface-to-air missiles and anti-submarine rocket launchers.
 
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India will be home to 10,500 start-ups by 2020
India is one among the first five largest start-up communities in the world with the number of startups crossing 4,200, this according to a Nasscom-Zinnov start-up report. The report, titled “Indian Start-up Ecosystem Maturing – 2016,” says that the ecosystem is poised to grow by an impressive 2.2 times to reach more than 10,500 start-ups by the year 2020. “Technology start-ups are creating a new identity for India and its technological prowess,” said R. Chandrashekhar, President of the IT industry body Nasscom, in a statement.
 
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India to become 3rd largest aviation market by 2026
India will become the third largest aviation market in the world by displacing the UK in 2026, the International Air Transport Association (IATA) said in a recent passenger forecast.
 
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Indian IoT market to touch USD 15 billion by 2020
Indian Internet of Things (IoT) market is set to grow to USD 15 billion by 2020 from the current USD 5.6 billion, according to a report by Nasscom. The IoT sector is set to get major boost from industrial IoT, which currently accounts for 60% for the total market. Consumer IoT, which includes smarthome devices as well as wearables, account for the remaining 40% of the IoT market. Owing to the e-commerce boom and regulatory changes such as GST IoT is likely to be utilized more for more efficient operations. 

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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
-Mr. Elad Itzkovitch, 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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