Dr. Syama Prasad Mookerjee Research Foundation

Salient points of PM Modi’s Remarks at the India-Israel Business Summit on 15 Jan, 2018

I have always had a deep regard for Israel and its people. I visited Israel in 2006 as CM of Gujarat.

Last year in July, I visited Israel, the first such visit from India. I experienced the remarkable spirit of innovation, enterprise and perseverance that drives Israel.

There is new energy and purpose that has invigorated our ties over the last few years. It will help take our cooperation to greater heights.

We stand on the cusp of a new chapter in India-Israel relations driven by our people & mutual opportunities for betterment of lives.

In India, we have been taking steady steps over three years at both macro as well as micro-level, to make a difference. Our motto is: Reform, Perform and Transform.

The India-Israel Innovation Bridge will act as a link between the Start-ups of the two sides.

I have been saying that Indian Industries, start-ups and the academic institutions must collaborate with their Israeli counterparts to access the huge reservoir of knowledge.

We want to do more and do better. To enable entry of capital and technology, most of the sectors including defence, have been opened for FDI.

More than 90 percent of the FDI approvals have been put on automatic route. We are now among the most open economies.

India’s development agenda is huge. It presents a vast economic opportunity for Israeli companies.

I invite more and more Israeli people, businesses and companies to come and work in India. Along with Govt & people, the business community of India too is keen to join hands

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