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KOLKATA, JUNE 25: Israeli investment in India has touched 1 billion dollar mark in the last four years and it was likely to grow further, Israeli Ambassador in India David Danieli said.
"Israeli investment in India has grown to one billion dollars. Four years back it was almost nil," Danieli who was on a visit to Kolkata said.
Israeli investments, he said, were made in real estate, software, agro business, defence technology, precision tools etc.
Over 1,000 Israeli companies have established their presence in India through joint venture and research and development centres, he said.
The investment also included Rs 1,000 crore for three medical centres to be set up in West Bengal in joint venture with Ambuja Realty. The three centres, included one in Kolkata and another in Siliguri.
The Ambassador said that bilateral trade between India and Israel has touched 2.7 billion dollars last year.
He said that to survive in the global business one could not avoid the fast growing Indian economy. "The business relation between the two countries is steadily moving." Danieli said that his country wanted to have preferential trade agreement with India and it was already discussed at the official level. |