SME Times is powered by   
Search News
Just in:   • Rs 3,600 crore PM Vidyalaxmi scheme to help talented youth: Dharmendra Pradhan  • Gold prices set to fall further after Donald Trump’s win  • Trump in White House - opportunities for Indian SMEs?  • Cabinet okays Rs 10,700 crore equity infusion in FCI  • Indian industry looks forward to fruitful Trump policies in energy, IT sectors 
Last updated: 27 Sep, 2014  

India.Israel.9.Thmb.jpg India, Israel inching closer to signing FTA: Envoy

India.Israel.9.jpg
   Top Stories
» Gold prices set to fall further after Donald Trump’s win
» We made history, this will be golden age for America: Trump after declaring victory
» India's services sector growth surges in October
» E-commerce platforms see over Rs 1 lakh crore worth sales in India festive season
» Power demand grows marginally in India as generation reaches 152 billion units in Oct
SME Times News Bureau | 14 Jun, 2013
Hoping that an India-Israel Free Trade Agreement (FTA) would be signed "in the coming months", the Israeli ambassador Thursday said the agreement would be a "strategic game changer" in trade relations between the two countries.

"I truly believe that the FTA will be a strategic game changer...my sincere hope is that in the coming months the FTA would be concluded," Israeli Ambassador Alon Ushpiz said in Kolkata.

The two countries were "inching closer" to signing an FTA, he said.

Two-way trade between India and Israel stood at $5 billion during 2011 but the volume dwindled a little bit last year.

Ushpiz said an FTA could bring about a "strategic shift" in trade relation between the two countries.

"I am confident the bilateral trade volume will jump from the current $5 billion to $10-15 billion in a few years' time. In fact, FTA will change the composition of trade. The minute we have the FTA in place, the intensity of interactions will be on a much higher level," he said during an interactive session, organised by industry lobby CII here.

The Israeli diplomat said water management and dairy could be the "thrust areas" in technological collaboration between the two countries in the coming days.

He hoped that a dairy centre of excellence would come up in one of India's states soon.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Will the new MSME credit assessment model simplify financing?
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter