Finance Minister Yuval Steinitz 311 R.
(photo credit: REUTERS/Ronen Zvulun)
Finance Minister Yuval Steinitz and Indian Communication and Information Technology Minister Kapil Sibal met in New Delhi
on Wednesday, and agreed to establish a joint program to bring 100 Indian
post-doctoral students to Israeli universities.
Steinitz also met with
his Indian counterpart, Pranab Mukherjee, and National Security Adviser Shiv
Shankar Menon during the three-day visit – the first by an Israeli finance
minister to India in 15 years.
Steinitz’s office said the purpose of the
visit was to boost economic relations with India and negotiate a free-trade
India fell to ninth in the list of Israel’s export
destinations in the first three quarters of 2011, compared to fourth in the
corresponding period the previous year.
Exports to India reached NIS 934
million from January-September, a 30 percent drop from the previous year,
according to the Israel Export Institute. It said the reason was because most of
these exports were mining products – a volatile industry reliant on new
contracts and supply agreements.