Business Guide | Israel-India 2022

Dear Readers, T hirty years of relationships have taught us a lot about our two ancient nations and cultures.We, Israelis and Indians, managed to build an ecosystem of knowledge sharing and cooperation. Therefore, it is no wonder that we grew together. Since the establishment of diplomatic relations between India and Israel in 1992 , bilateral trade and economic relations progressed rapidly. From the $ 200 million in 1992 merchandise trade has diversified and reached over $ 4 billion (excluding defense) in 2021 , business services being a key component contributing to this impressive increase. In that sense India is not only Israel’s strategic partner on the diplomatic and security arenas, but more even economically, being its second biggest trade partner in Asia. The last two years were challenging as the world experienced the difficulties arising out of Covid- 19 Pandemic. Economies, supply chains and industries have been disrupted worldwide. And yet, in the Trade and Economic Missions to India, we did not let the pandemic stop us from achieving our mission – to increase bilateral trade between Israel and India. Today evenmore than ever, Israel is committed to sharing technologies with India in order to helppushboth our economies to faster, post pandemic, growth. Israel can be a catalyst in India’s growth through technological "Relationships are based on four principles: respect, understanding, acceptance, and appreciation." Mahatma Gandhi collaborationsbetweenour companies. An overviewof the distinguished Israeli high-tech ecosystemhighlights some of themost prominent sectors such as Clean Energy, Healthcare andMedical Devices, Cyber Security, Precision Agriculture, Food Technologies, Water Management and Electric Vehicles. AI/ML, Robotics, Biotechnology, Blockchain, andQuantumComputing are just examples of the deep techs being used to address the changing world’s needs and challenges. Today, we are lookingahead to the next 30 or 60 years - trying tounderstand the potential and thebest opportunities for our future joint ventures. It's no secret that entrepreneurs and start-ups need funding. India is keen on Israeli solutions, so why not invest in them? On top of financial gains, investing in Israeli techmeans acquiringfirst-hand access to the best tech and innovation in the world. Respect, Understand, Accept and Appreciate – as long as we keep these important values in mind, we shall flourish and prosper together as nations, as businesses - like people! All of us together, Indians and Israelis, we will succeed. Wishing us all fruitful and pleasant years ahead. Yours, Natasha Zangin, Sagi Itcher, Joseph Avraham Natasha Zangin, Head of Economic and Commercial Mission, Embassy of Israel, New Delhi Sagi Itcher, Head of Economic and Trade Mission, Consulate General of Israel, Mumbai Joseph Avraham, Consul for Trade and Economic Affairs, Consulate General of Israel, Bengaluru Contact us: Homepage - India - Israel Trade & Economic Office, Embassy of Israel (itrade.gov.il ) Mumbai@israeltrade.gov.il ● Newdelhi@israeltrade.gov.il ● Bangalore@israeltrade.gov.il Israel-India > Business Guide > 2022 16 > General Information > Greetings