Last summer, Narendra Modi became the first Indian prime minister to make an official visit to Israel, a historic moment marking 25 years since the two countrues established diplomatic relations.
Modi described ties with Israel as “special” and said, “I share the opinion of many of my people, who see Israel as a beacon of technology, as a country that has managed to survive even though the odds were against it.”
Next week, Israeli Prime Minister Benjamin Netanyahu, together with a delegation of high-level government and business officials, will visit India to continue advancing cooperation on a number of fronts, including agriculture, life sciences, advanced technologies and defense.
India’s investment in Israel and Israeli technologies is steadily on the rise, and we at Invest in Israel are fortunate to be at the center of the action.
Many top Indian corporations have already made significant investments in Israel, spanning a variety of sectors, including water and agriculture, automotive, aerospace, information and communications technology (ICT) and more. In addition, dozens of other India-based companies are actively scouting opportunities to
Invest in Israel. We are proud to play a part in supporting their efforts. Investment comes in several forms. It may include an acquisition of a company, R&D and technologies to support and expand business goals and capabilities. It may also mean building a manufacturing facility. Here in Israel, we’re seeing interest from India in both of these categories.
In light of our upcoming trip to India, let’s take a look back at some the country’s previous investments in Israel.
- In 2007, Jain Irrigation Systems, a multinational organization based in Jalgaon, India, acquired Israel-based Naan Dan for irrigation solutions. Facing water scarcity, the Israeli company had developed a unique drip irrigation technology to make every drop of water count, a key asset for India’s vast agricultural industry. According to Naan Dan Jain, the merger of the two companies has created an “enriching, multi-cultural business synergy alongside significant product portfolio expansion and R&D activities.”
- In 2016, Wipro Infrastructure Engineering (WIN), a leading Indian designer and manufacturer of hydraulic cylinders and solutions, acquired Israel’s Aircraft Industries Givon,Ltd a manufacturer of metallic parts and assemblies for the Aerospace industry, WIN executives emphasized that the move would “help WIN broaden its product portfolio, expand global footprint and strengthen its ability to forge deeper customer relationships in the aviation and aerospace industry.” Reports stated that Wipro paid 300 million shekels ($78.7 million) for Givon.
- In 2017, India-based Saisanket Enterprises Private Limited acquired Shtula, a leading Israeli manufacturer of metal parts and metal devices. Shtula Metal-G currently employs a staff of over 100 workers, and operates two separate sites in Israel. The company’s headquarters and machining plant cover an area of 10,000 square meters, with a second construction and assembly facility covering 12,000 square meters. The company serves a wide base of clients in the aerospace and defense industries.
- In 2016, India based Tata Group, a multinational conglomerate, established a new technology incubator headquartered at Tel Aviv University. The firm partnered with General Electric Ventures, Microsoft Ventures, Qualcomm Ventures, HNA EcoTech, Pitango Venture Capital and RAMOT to develop i3 Equity Partners. The incubator focuses on developing next-generation IoT and IIoT technologies and supports early-stage Israeli ventures on the path to becoming global players. Tata’s commitment to the program is indicative of the value it places on Israeli education, innovation and entrepreneurship.
These are just a few examples of many India-Israel investments and collaborations.
It’s clear that India is well on its way to becoming a global political and economic powerhouse, and Indian companies are seeking strategic investments to help support and expand their innovative capabilities. That’s exactly why Israel is a key partner for India. Our proven technological capabilities, infinite innovation and unique business environment are an ideal match to help Indian companies reach their goals.
Now is a pivotal time for continued collaboration between India and Israel. As we continue to nurture our joint goals and friendship, the investment potential is endless and the sky is the limit.