India invites Israel to invest in strategic sectors
Tel Aviv, Nov 7 (PTI) With ‘Make in India’ campaign reverberating in Israel, India has asked the Jewish country to take advantage of the investment friendly policies of the new government and invest in strategic sectors like defence.
Home Minister Rajnath made a special reference to the ‘Make in India’ campaign launched by Prime Minister Narendra Modi during his meeting with Israeli Prime Minister Benjamin Netanyahu here last night.
Singh invited Israeli industries, including in the defence sector, to take advantage of the investment friendly policies adopted by the new government, an official statement issued after the hour-long meeting said.
Netanyahu said that he agreed with the Indian Prime Minister that Israeli industries, including the defence sector, could ‘Make in India’ and thereby reduce costs of manufacturing products and systems developed by Israel.
The Israeli Prime Minister said that an Israeli delegation would be happy to visit India to explore manufacturing opportunities in different sectors.
Netanyahu briefed the Home Minister on technologies that had been developed by Israel in areas such as aviation security, border protection and water harvesting.
He said Israel was ready and willing to discuss transfer and development of such technologies with India.
The Home Minister also mentioned the possibility of together exploring third country markets in Africa and Latin America, where Indian industry has a strong presence.