On Tuesday, July 4, will start the first ever official visit of Prime Minister of India Narendra modi in Israel, dedicated to the 25th anniversary of the establishment of diplomatic relations between the two countries.
In addition to the important political aspect of the visit, modi is also of great economic importance for Israel. The trade turnover between the two countries reached in 2016, $ 1.9 billion, of which 1.1 billion were for exports (the 9th largest market for Israeli exports).
Despite the fact that most media coverage get the defence deals, the main products exported by Israel to India, are telecommunications equipment and metals (40% of exports). 14% of exports are minerals 13% chemicals and petroleum products, 8% for precision instruments. The basis of imports of chemicals, textiles, plastic and rubber, and electrical appliances.
During the visit, modi is also expected to sign a major defence deals (Israel is one of the main suppliers of arms to India). However, another important purpose of the visit is the signing of agreements in the fields of water and agriculture.
Along with modi, Israel will arrive, a large delegation of Indian businessmen interested in agricultural technology. It should be noted that the Israeli agricultural centers in various Indian States are actively developing in recent years with the support of local governments. Great importance is given to Israeli technology and promoted by the modi government multi-billion dollar project to clean up the Ganges. Also the focus of the delegation will be the technology «smart city».
Among the agreements to be signed during the visit, it should also be noted the agreement on strengthening cooperation in the space sector, facilitate the use of the Indian spaceport for launching Israeli satellites. In total will be signed 7 agreements, including in the areas of water and agriculture, cooperation in the scientific sphere, in the field of cybersecurity, etc.