Business / Industry Sectors
India, Israel FTA talks to resume soon
10/12/2014
A delegation led by Mr. Carmon met Andhra Pradesh Chief Minister Mr. N. Chandrababu Naidu and the Governor of Andhra Pradesh & Telangana Mr. Mr. E S L Narasimhan.

Ambassador Daniel Carmon with Chief Minister of Andhra Pradesh Mr. N Chandrababu Naidu in Hyderabad

 

 

And the bilateral talks on Free Trade Agreement are likely to be back on track early next year, according to Mr. Daniel Carmon, Israeli ambassador to India.

 

 

He said the FTA talks slated to be held during November 2014 could not be held due to other engagements. But they are poised to be taken up again as both the Governments are committed to reaching a consensus on the agreement.

 

 

Speaking here after an interactive session on boosting the bilateral trade, he said that the India–Israel trade which had humble beginnings at $ 200,000, a little over 20 years ago, has now topped the $ 6 billion mark and this is poised to get a lot bigger as both countries get into more areas of mutual interest.

 

 

The $ 6 billion bilateral trade is without the defence business, which is another big area.

 

 

Israel has developed strong and sound relationships in the defence sector and work is underway to identify few other clusters of common interest.

 

During his two-day visit to Hyderabad, and interactions with representatives of Andhra Pradesh and Telangana governments, the Amabassador sees potential to work in the areas of improving agriculture and horticulture crop productivity, irrigation and water supply management and homeland security.

 

 

There have been several rounds discussions with the State of Andhra Pradesh in particular and soon this will be narrowed down to some areas. These include development of clusters for mango and pomegranate.

 

 

A delegation led by Mr. Carmon met Andhra Pradesh Chief Minister Mr. N. Chandrababu Naidu today at Secretariat and invited him to visit Israel to study the water management systems there.

 

 

During the meeting, Carmon said they are keen to work with Andhra Pradesh Government in sectors like agriculture and water management. “Given that Israel is a water-scarce region, we have excelled in using water efficiently and have pioneered water management systems,” the Ambassador said.

 

 

“Identify areas that you are interested to work with AP government and we will facilitate the process and begin working with you,” Naidu said.

 

The Ambassador also called on Governor of Andhra Pradesh & Telangana Mr. Mr. E S L Narasimhan and elaborated on the excellent relations with Andhra Pradesh and Telangana and expressed Israel’s keenness to promote collaboration in the fields of agriculture, water and internal security.  He also held meetings with DGP of Andhra Pradesh Mr. J V Ramudu and DGP of Telangana Mr. Anurag Sharma.

The ambassador was accompanied by the Deputy Chief of Mission Mr. Yahel Vilan, the Commercial Attaché Mr. Yoni Ben Zaken, MASHAV and Agriculture Cooperation Attaché Mr. Dan Alluf and Deputy Defense Attaché for HLS Defense Cooperation Natan Reuven.

 

 

More than 60 participants took part in a round table conference “India-Israel Relations- Way Forward” that was organized in order to find growth opportunities of Israel in the states of Andhra Pradesh and Telangana.

 

 

During the course of visit, Ambassador Carmon attended the launch event of the Israeli company ADAMA Agricultural Solutions, which provides comprehensive crop protection solutions. In the event, ADAMA president and CEO, Chen Lichtenstein, unveiled its plan to invest $50 million more in India in the next three to four years in distribution network and research and development, in order to meet food security challenges and to empower Indian farmers with right solutions to increase their yield. ADAMA has an R&D centre in Hyderabad, which is the only one of its kind outside Israel.

 

 

Source: Hindu Businessline & Embassy of Israel in India

 

 

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