Bilateral trade between India and Israel has diversified into electronic machinery, technology transfer, high-tech products, communications systems and medical equipment
Focus is on key areas such as automotive, new media & internet, health & life sciences and water technologies
15mn Indian farmers benefiting from Israeli drip irrigation technology
300+ investments from Israel in India in technology and agriculture
India is Israel's 3rd largest trading partner in Asia
US$ 281.2 million
FDI inflows into India from April 2000 to March 2022
US$ 4.79 billion
bilateral trade value for as of 2021-22.
Jews of Indian origin in Israel
Israel is ranked 1st in the world for innovative capacity and for entrepreneurship
Israel has a strong and resilient economy with consecutive years of significant GDP growth
Israel ranked 4th for research personnel; the highest concentration of engineers and PhDs per capita in the world
Advanced manufacturing technologies offer countless opportunities for high-level industries and products
World renowned expertise in Media & Internet, Cyber Security, Water Technology, AgroTech, Health & Life Sciences, Financial Technology, Automotive, High-Tech & Smart Manufacturing
The two leaders reviewed bilateral strategic partnership and expressed satisfaction over the progress made in diverse sectors. They agreed on further expanding cooperation, especially in the areas of high-technology and innovation.
India and Israel elevated their bilateral relationship to a strategic partnership during the historic visit of Prime Minister Modi to Israel in July 2017. Since then, the two countries have continued to deepen their strategic partnership, with a focus on innovation and research as two knowledge-based economies.
In keeping with their strategic partnership, the two sides had an in-depth exchange of views on multilateral issues and issues of mutual interest including the situation in the middle east and related to UN Peacekeeping operations in the region. The Indian delegation briefed the Israeli side on India’s priorities at the UN Security Council. The two sides agreed to continue their cooperation in the multilateral fora.
India and Israel elevated bilateral relations to a Strategic Partnership during the historic visit of PM Shri Narendra Modi to Israel in July 2017. Since then, the relationship between the two countries has focused on expanding knowledge-based partnership, which includes collaboration in innovation and research, including boosting the ‘Make in India’ initiative.
Both sides held wide-ranging discussions on issues on the UN agenda including recent developments in the Middle East, Climate Change and SDG’s. The Indian delegation briefed Israel on its priorities during its upcoming UNSC tenure and both sides decided to work closely together, in keeping with their Strategic Partnership.
.The Leaders will discuss the possible joint projects within the framework of I2U2 as well as the other common areas of mutual interest to strengthen the economic partnership in trade and investment in our respective regions and beyond. These projects can serve as a model for economic cooperation and offer opportunities for our businesspersons and workers.
India's Exports and Imports to Israel
Source: Department of Commerce
|3.||India’s Total Export||330,078.09||313,361.04||291,808.48||422,004.40||450,958.43|
|8.||India’s Total Import||514,078.42||474,709.28||394,435.88||613,052.05||714,042.45|
|13.||India’s Total Trade||844,156.51||788,070.32||686,244.36||1,035,056.45||1,165,000.88|
|17.||India’s Trade Balance||-184,000.33||-161,348.24||-102,627.40||-191,047.65||-263,084.03|
Note:Since 2006-07, Petroleum figures are being computed from Import Daily trade Returns (DTRs) to genetate country-wise/port-wise tables. Up to 2005-06 consolidated petroleum import figures were being received from the Petroleum Ministry.
Beer made from malt (220300)
Waters, incl. min. waters & aerated waters, cont. added sugar/oth. sweeteni … (220210)
Meat of bovine animals, fresh/chilled, boneless (020130)
Meat of bovine animals, frozen, boneless (020230)
Sugar confectionery other than chewing gum (incl. white chocolate), not con … (170490)agriexchange.apeda.gov.in
Maize (corn), other than seed (100590)
Other barley excl seed (100390)
Other wheat and meslin (100199)
Semi-milled/wholly milled rice, whether or not polished/glazed (100630)
Chocolate & oth. food preps. cont. cocoa (excl. of 1806.20-1806.32) (180690)agriexchange.apeda.gov.in
Fish – Fresh or chilled, atlantic salmon (Salmon Salar) and danube salmon (Huncho Huncho) Excluding fillet, livers, roes and other fish meat
Fish fillet; frozen, salmon pacific (onchorhynchus nerka, onchorhynchus gorbuscha, onchorhynchus keta, onchorhynchus tshawytscha, onchorhynchus kisutch, onchorhynchus masou, onchorhynchus rhodurus, atlantic (salmon salar) and danube (huncho huncho)
Fish fillets; fresh or chilled, salmon, Pacific (Oncorhynchus nerka, Oncorhynchus gorbuscha, Oncorhynchus keta, Oncorhynchus tshawytscha, Oncorhynchus kisutch, Oncorhynchus masou and Oncorhynchus rhodurus), Atlantic (Salmo salar), Danube (Hucho hucho) (030441)
Fish preparation – tunas, skipjack and atlantic bonito (sarda spp.) prepared or preserved, whole or in pieces (but not minced)
Fish; frozen, Atlantic salmon (Salmo salar) and Danube salmon (Hucho hucho), excluding fillets, livers, roes, and other fish meat of heading 0304030313
*Information subject to changes amid the global COVID-19 pandemic.
Israel attracts talent in niche areas such as precision technology, scientific research, and sustainability projects, apart from pharmaceutical and other specialized areas.
Water, agriculture and defence are the main pillars of India-Israel bilateral engagement, including innovation and high-tech domains. There are about 97467 Indian citizens in Israel, of whom some are care-givers. Others include diamond traders, IT professionals and students. There are also about 85,000 Jews of Indian-origin in Israel, who are all Israeli citizens.
Farming, fisheries, dairy, animal husbandry
Israel’s agricultural sector is characterized by an intensive system of production stemming from the need to overcome the scarcity in natural resources, particularly water and arable land. Israel’s agriculture sector draws innovation and manpower from foreign resources in an effort to make the country sustainable in agriculture. According to Population and Immigration Authority of Israel, foreign workers in the field of agriculture constitute 22.6% of total foreign workers. As of the end of 2018, there are 22,222 foreign workers in Israel.Foreign workers in agricultureMASHAV - Israel's Agency for International Development CooperationImmigration and absorption
Public and private infrastructure building, maintenance
Israel’s construction sector is expected to report steady growth over 2019-2023 driven by the government’s initiatives to augment the national transport infrastructure. Construction of civic infrastructure and connectivity projects have been supported by foreign workers at different levels in Israel. According to Population and Immigration Authority of Israel, 15% out of the total foriegn workers are in the construction field and as of end of 2018, there are 14,420 foreign workers.Expert foreign workersImmigration and absorption
Software, hardware, new technology
In Israel, the fastest annual growth rate – an average of 8% – has been reported by the hi-tech sectors in recent years. The IT and ICT infrastructure in Israel is mainly supported by foreign workers. Work visa/permits for foreign workers is an issue.Expert foreign workersHi-tech sector overviewImmigration and absorption
The Israeli manufacturing sector is small confined to niche areas. According to Population and Immigration Authority of Israel, as of the end of 2018, only Israeli workers were part of the manufacturing workforce.Foreign workers in manufacturingManufacturers Association of IsraelImmigration and absorption
Upstream oil and gas sector staffing
Israel operates large off-shore Leviathan gas reserves, a vital part of the region’s energy security. Israel has vast reserves of natural gas and exploration of natural resources attract foreign workers.Foreign workers in industryO&G sector overviewImmigration and absorption
Commercial research for product development
Israel’s economic development has been empowered by concerted focus on intensive scientific R&D and innovation. Scientific research and innovation in a variety of fields, from defence to agriculture, attract foreign workers, primarily from the United States.Expert foreign workersR&D sector overviewImmigration and absorption
Production: 312,199 tonnes (2018)
Production: Gasoline – 2,997,335 tonnes
Exports: Gasoline – US$ 53,000 (2018)
Production: 21,000 tonnes
Exports: US$ 11,376,000 (2018)
Production: Natural Gas – 10.48 billion cubic meters
Production: LPG – 506,373 tonnes (2018)
Production: Gasoline – 2,997,335 MT
Exports: Gasoline – US $ 53,000 (2018)
Production: Petroleum Crude – 551,994 barrels (2018)
Production: Phosphate rock – 7,572,000 tonnes
Exports: Phosphate rock – US$ 33,232 thousand (2018)
Production: 3,800,000 tonnes
Export: US$ 1,225,000 (2018)
Here are the leading sectors of opportunities for foreign investors
State Bank of India - banking
Tech Mahindra - Next generation cyber solutions and services to state and enterprise customers
Wipro - Infrastructure Engineering
Sun Pharmaceutical - Pharma
Tata Group - Multinational
Jain Irrigation Systems - Drip irrigation
MATIMOP - Industry Center for R&D,
Israeli Aqwise Company - Water Technologies company
Israel Ports Company - Ports infrastructure
ADAMA - Agri solutions
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