Modi invites Israeli investment in defence sector

Issue: 1 / 2018

Prime Minister Narendra Modi, on January 15, made a call to the Israeli defence firms to get into partnership with Indian firms to make defence product here. “In defence, I have invited Israeli companies to take advantage of the liberalised FDI regime to make more in India with our companies,” Modi said, while delivering his press address during the visit of Prime Minister of Israel Benjamin Netanyahu to India. Addressing the press with his Israeli counterpart, Modi said, “Prime Minister Netanyahu and I promised each other and our people to build a strategic partnership: of hope and trust and progress of diverse and cutting-edge cooperation, and of joint endeavours and shared successes.” Netanyahu, on January 14, arrived in New Delhi for a six-day visit to India and he is also to visit Gujarat and Mumbai. Later during the day on January 15, the two leaders are expected to attend India-Israel Business Summit.