The Israel Export Institute on Sunday predicted a $200 million increase in bi-lateral commerce between Israel and India over the next two years.
The forecast followed a visit by a delegation of 30 Israeli companies to India last week, organized through the Israel Export Institute and the Industry, Trade and Labor Ministry . During the week-long tour, Israeli companies met with their Indian counterparts to discuss topics including communications, infrastructure, water, organic chemistry, bio-tech, and the development and marketing of pharmaceuticals.
Industry, Trade and Labor Minister Eli Yishai, accompanied the group and visited Israel's Netafim factory in India where he praised the company's agricultural investments in drip irrigation, which he said would help tens of thousands of Indian farmers.
Among the companies that participated in the tour were Alvarion, Arad Technologies, Gadiv Petrochemical Industries and Gaon Agro Industries
The Export Institute said it hopes to grow exports to India by 70 percent over the next four years to reach a total of $750m. Current exports to India stand at $460m.