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Full FTA with India will give an impetus to two-way trade: Israeli President

Updated: Nov 18, 2016 06:24:43am

Full FTA with India will give an impetus to two-way trade: Israeli President

New Delhi, Nov 18 (KNN) Asserting that India was today the top trade partner for Israel, Reuven Ruvi Rivlin, President of the State of Israel said his visit will open the way for a full Free Trade Agreement between the two countries.

Israeli President said the business delegation accompanying him “are here to make in India and make with India”.

He said this while addressing the India-Israel Economic Forum: Innovative Partnership, organised by FICCI, CII and ASSOCHAM.

According to a release, Rivlin said that Israel, a rain-deficit country, had evolved technology solutions to meeting its water needs. Its waste water management know-how could be of immense use for India even as he offered to partner in India’s ‘Clean Ganga’ project and solar energy solutions.

The Israeli President said that trade between the two countries was growing has at a rapid pace and there was great scope for cooperation in water treatment projects, optics, metals, aviation, diamonds and textiles, etc.

Amitabh Kant, CEO, NITI Aayog, said that India’s ambition was to grow at 9-10% annually over three decades for which the Government of India is undertaking structural reforms such as the bankruptcy law, Goods & Services Tax and the most recent demonetisation of currency notes.

He said that it would be difficult for India to grow at this rate without a dynamic and durable economic and business partnership with Israel.

He mentioned defence manufacturing, agriculture and water management as some of key areas where the two countries need to develop strong partnerships.


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