Israel, India sign investment deal as Smotrich welcomed in New Delhi
Summary
Israel and India have signed a deal to increase trade and investment. The agreement was made during Israeli Finance Minister Bezalel Smotrich's visit to India. Both countries aim to cooperate more in areas like cybersecurity, defense, and technology.Key Facts
- Israel and India signed an investment deal to expand mutual trade.
- The agreement was signed in New Delhi by Israeli Minister Bezalel Smotrich and Indian Minister Nirmala Sitharaman.
- Trade between the two countries stood at $3.9 billion in 2024, with investments around $800 million.
- The deal focuses on areas like cybersecurity, defense, innovation, and high-tech sectors.
- India is Israel's largest buyer of weapons.
- Indian firms sold rockets and explosives to Israel during conflicts in Gaza.
- India supports a two-state solution for the Israel-Palestine conflict but has abstained from several critical UN resolutions against Israel.
- India is increasing its ties with Israel despite criticisms of Israel's actions in Gaza.
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