: India, Israel keen on finalising FTA #FinanceIndia #StockMarketNEWS #Business Press Trust of India New Delhi Israel’s handing over of the strategic port of Haifa to the Adani Group is a reflection

@StockMarketNEWS Mon 27 Feb, 2023

Posted in: #FinanceIndia #StockMarketNEWS #Business

India, Israel keen on finalising FTA #FinanceIndia #StockMarketNEWS #Business
Press Trust of India

New Delhi

Israel’s handing over of the strategic port of Haifa to the Adani Group is a reflection of the country’s trust in India, Israeli Ambassador Naor Gilon said on Wednesday, over three weeks after the Indian company acquired the port.

To a question on Congress leader Rahul Gandhi’s allegations of the Adani Group being favoured in India-Israel defence contracts, the envoy said at a media briefing that Israeli companies have around 80 joint ventures with Indian companies and suggested that the defence ties are not about only one firm.

He said the Indian companies with whom Israeli firms have forged joint ventures included the Tata Group, Kalyani Group, Bharat Electronics Ltd (BEL), Hindustan Aeronautics Ltd (HAL) and Bharat Dynamics Ltd (BDL).

“I do not see the issue here. It (joint ventures) is not Israel by the way. They are Israeli companies. The joint ventures are not signed by Israel or pushed by Israel. The private companies are going in order to be relevant for the Indian market and they are always looking for strong and stable manufacturing partners,” he said.

Describing defence ties between the two countries as very strong, he said Israel has the advantage to support India in its efforts to become self-reliant in defence manufacturing because of the “long-standind?'H??[?H?XH?]?Y[?H????[??Y??H]Y?[??[?[???ZY]????[????[]?[Y?[??HY??HY??HY?[?H?H??????Y[??H??Y]????Y[?]?Y????Y[?]?[[??Z?HX?H????[??????][?[?]X]]?????????[[?XH[??Y[?YHY??[??ZY???Y???H?Y[???[?[?[??H????Y??YH?YHY?Y[Y[?
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