New Delhi: India and Israel signed a two -sided investment agreement to strengthen investors’ protection and create a framework for expanding trade and investment between the two nations, the Ministry of Finance said in its Monday statement.
Hei and his counterpart Bezalel Smotrich was in the new year.
According to the statement, the agreement will “provide greater certainty and protection for investors, which will facilitate the growth of commercial and mutual investments by ensuring a minimum standard of treatment and an independent mechanism of dispute resolution through arbitration”.
It also includes warranties of expropriation, provisions on transparency and rules to ensure smooth transfers and compensation for losses.
Both ministers emphasized their commitment to develop cooperation in finch innovations, infrastructure development, financial regulation and digital payments. The ministry noted that the pact reflects the common goal of two countries to build a more resistant investment environment together with the strengthening of trade and capital flows.
This agreement is expected to prepare a way for increased bilateral investments currently a total of $ 800 million. “Both parties should have more trade interactions to explore the opportunities for investment and gain benefits from the agreement,” Sitharaman’s quotes said.
Trade between India and Israel has evolved into a dynamic partnership, using Indian scope and Israeli technological strengths. In FY25 India to Israel exported goods worth $ 2.15 billion, while imports according to the Ministry of the Ministry of Trade was $ 1.61 billion.
Key exports included pearls, utilities, rice, electronics, ceramics, cotton, aluminum products and telecommunications tools. Imports were led by semi-precious stones, electronic components, fertilizers, agro-chemicals and engineering goods.
During her meeting with Smotrich Sitharaman, he emphasized the reforms made in India in the last decade. She also expressed her condolences about loss of life in a terrorist attack in Israel on the same day and noted the “shared value of the civilization ethos” that combines both countries in their contribution to global peace.
Both ministers recognized the threats of terrorism facing their nations and expressed solidarity, according to the statement.
Smotrich, in turn, emphasized the ability of India and Israel to maintain strong economic growth despite security challenges and called for deeper cooperation in cyber security, defense, innovation and high-technological sectors.
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