Source: Business Line
03-Jul-2017
Why in news?
Prime Minister’s Israel visit will set the stage for partnerships in defence and agriculture.
What are the highlights of Israel technology?
- Israel has become the centre for R&D in the area of autonomous car technology.
- It has a long line of dynamic innovation ecosystem outside America.
- Israel tackled its rain deficiency by developing technology solutions for water reuse in agriculture and industry.
- Israel’s low inflation and rising labour force participation has a lot to offer businesses.
What is the status of India-Israel trade relationship?
- India has bilateral ties with Israel in areas of security, defence and agriculture.
- The bilateral trade currently reached $4.5 billion from $200 million in 1992.
- The presence of Israeli companies in India has grown to 300.
- India exports precious stones, metals, chemical products, textile, rubber & plastic products, and base machinery to Israel.
What are the areas of trade to be concentrated?
- Israeli defence industries are well inclined towards joint ventures to give a boost to the ‘Make in India’ campaign.
- India-Israeli deal to jointly develop a medium range surface-to-air missile system is a good business model to work on.
- A joint research and development fund can work wonders.
- Indian-Israeli companies with their innovation can together stimulate domestic manufacturing and agriculture sector.
- The Israeli dairy genetic material can revolutionise the dairy industry in India.
No comments:
Post a Comment