A significant milestone of the event was the signing of a Terms of Reference (ToR) by Ministers Goyal and Barkat, marking a renewed commitment to advancing negotiations toward a Free Trade Agreement (FTA) between India and Israel.
Photo: IANS
The Israel-India Business Summit was held in Tel Aviv, witnessing top political leaders, senior industry executives and major business organizations from both countries to accelerate bilateral economic cooperation and chart new areas of collaboration.
The high-profile gathering featured the participation of India’s Commerce and Industry Minister Piyush Goyal, Israel’s Economy and Industry Minister Nir Barkat, and India’s Ambassador to Israel J.P. Singh, underscoring the strategic importance both nations attach to strengthening their economic partnership.
Advertisement
A significant milestone of the event was the signing of a Terms of Reference (ToR) by Ministers Goyal and Barkat, marking a renewed commitment to advancing negotiations toward a Free Trade Agreement (FTA) between India and Israel.
Advertisement
The ToR lays the groundwork for deeper economic engagement across sectors, including technology, innovation, manufacturing, and services.
The summit was hosted by the Foreign Trade Administration under Israel’s Ministry of Economy and Industry. The summit welcomed a reciprocal Indian delegation of around 100 members, following the Israeli business mission to India earlier this year led by Minister Barkat.
Major economic bodies from both sides delivered opening remarks. From Israel, the Israel Export Institute, the Manufacturers’ Association of Israel, the Federation of Israeli Chambers of Commerce, and the Israel–Asia Chamber of Commerce, and from India, industry associations CII and FICCI participated, signalling strong private-sector engagement.
The summit featured key briefings aimed at enhancing bilateral understanding of economic opportunities.
Prof. Avi Simhon, Head of Israel’s National Economic Council, presented an overview of Israel’s economic resilience and emerging opportunities.
From India’s side, Gaurav Sishodia from Invest India highlighted India’s investment landscape and new sectors poised for global partnerships.
The summit also hosted the India-Israel CEO Forum, providing a high-level platform for leaders of major companies to outline strategic priorities, identify new areas of cooperation and address challenges to scaling bilateral trade.
Advertisement
