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Goyal highlights expanding India–Israel economic partnership at Tel Aviv

Union Commerce and Industry Minister Piyush Goyal has embarked on a three-day official visit to Israel from November 20 to 22, marking a significant push to strengthen the strategic and economic partnership between the two nations. The visit, undertaken at the invitation of Israel’s Minister of Economy and Industry Nir Barkat, focuses on deepening cooperation in trade, technology, innovation and investment.

According to information,Goyal arrived in Tel Aviv with a 60-member high-powered business delegation representing CII, FICCI, Assocham and Start-up India, signalling India’s intent to expand commercial engagement with Israel across priority sectors. Soon after his arrival, the Minister addressed the India–Israel Business Summit on the theme ‘Gateway to Growth’, alongside his counterpart Barkat.“10 Ds define India's growth story and commitment to the future. Confident that the speed, scale, skill, and talent that India offers provide huge opportunities on both sides,” Goyal said while delivering his address. Calling his first visit to Tel Aviv “truly delightful,” he highlighted the strong complementarities between India's industrial ecosystem and Israel’s globally recognised innovation landscape. He invited Israeli companies and start-ups to co-develop, co-design and co-produce in India to tap into new opportunities.

The large Indian business delegation accompanying him, Goyal added, reflects the massive potential waiting to be unlocked between companies on both sides. The India–Israel Business Forum, featuring plenary sessions, sectoral dialogues and B2B interactions, aims to push joint ventures and investment partnerships in sectors ranging from agriculture and water management to defence, cyber security, smart mobility, life sciences and advanced manufacturing.During the visit, Goyal is holding bilateral discussions with top Israeli leadership, including Minister Nir Barkat and other key ministers. Both sides are reviewing progress on the proposed India–Israel Free Trade Agreement (FTA) and exploring enhanced cooperation in emerging technologies, infrastructure development, desalination, wastewater management and innovation-led manufacturing.
Beyond official engagements, the Minister will meet senior executives from major Israeli companies and interact with Indian-origin business leaders and the Indian diaspora. He is also scheduled to visit innovation hubs and institutions that showcase Israel’s cutting-edge technological capabilities as India seeks deeper collaboration with its long-standing strategic partner.

(Business Correspondent)


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