Business Guide | Israel-India 2022

Ayelet Nahmias-Verbin Chandrajit Banerjee Dear Readers,  I srael and Indiamarks 30 years of diplomatic relations, as economic and technological ties between them steadily tighten. During this period, Israel and India have become close trade partners as the two economies complemented each other while producing a mutual synergy of investment, joint R&D, exports and imports. Israel's trade relations with India aremost significant. In fact, India is one of Israel's main trading partners and one of the tenmost important export destinations. When we look at the Indian economy, we observe a diverse and vibrant economy, that encompassesmany areas - large-scale agriculture, traditional industries alongside highly developed high-tech and biotech industries and a thriving and blooming services sector. India enjoys growing local demand and a young population, which spurs the economy and expands the middle class. The processes of urbanization and innovation in the country have increased the volume of private consumptionandacceleratedeconomic activity. In light of all of this, I truly believe that there is great potential that is yet to be explored by both business communities. Both countries benefit from young and professional human capital and enjoy a spirit of innovation. When combining all these elements, we, at the Israel Export Institute, expect the trade relations to be considerably enhanced. We are happy to take part and support the Israel-India BusinessGuide 2022 . We hope it will help expand your acquaintance and understanding of the business opportunities that lay ahead. Yours, Ayelet Nahmias-Verbin Chairperson of the Israel Export Institute Dear Readers, T he 30 years of diplomatic ties is, indeed, a historic occasion in the relationship between India& Israel. Our relationship hasmoved from silent collaboration to visible bonhomie and CII is honored to have played a part in furthering economic relations between our countries. We are confident that the new edition of the India-Israel Business Guidewill promote bilateral economic engagement and CII is delighted to participate in it. CII has remained at the forefront of solidifying India-Israel economic ties by collaboratingwith the Government of India and our MoUpartners in Israel. Our continuedpartnershipwithTel AvivUniversity has ensured Indian industry’s participation in programs developed by our respective governments. The framework of India & Israel’s joint industrial fund, i 4 RD, is implemented by the Global Innovation & Technology Alliance (GITA) which is a joint initiative of the Department of Science & Technology (Government of India) and CII with MATIMOP, the Israeli Industry Centre for R & D. Increasing collaboration of India and Israel across sectors likeagriculture, water, defense, cybersecurity, etc., is based on mutual respect of the business cultures of each other’s nations. We need to continuously encourage such interactions. CII would endeavour to realize thesegoals alongside the efforts of our partners and governments. We are pleased to be part of this unique initiative of the India-Israel BusinessGuide, a publication that, we are sure, would pave the way for mutual prosperity of our nations and the well-being of our peoples by enhancing and exploring our economic linkages. Chandrajit Banerjee DirectorGeneral, Confederationof Indian Industry Photo by: Noa Fishfeld Israel-India > Business Guide > 2022 12 > General Information > Greetings