India, Israel Sign Investment Pact to Deepen Ties in Cybersecurity and Defence
To strengthen economic relations, particularly in the areas of cybersecurity, military, fintech, and digital payments, India and Israel inked a bilate
To strengthen economic relations, particularly in the areas of cybersecurity, military, fintech, and digital payments, India and Israel inked a bilateral investment deal in New Delhi. Farright Israeli Finance Minister Bezalel Smotrich, who has been sanctioned by a number of Western countries, and Indian Minister Nirmala Sitharaman signed the agreement. In 2024, bilateral investments totalled $800 million, mostly in defence, and bilateral trade reached $3.9 billion. India, Israels largest supplier of munitions, provided them as well during Israels conflict in Gaza. India has repressed proPalestine demonstrations and abstained from UN votes critical of Israel, even though it supports a twostate solution. In light of changing international alliances and escalating tensions with the United States and China, the deal represents New Delhis strategic turn towards Israel.
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B2B Tech News | 12 days ago