Advertisement
Tuesday, Nov 30, 2021
Outlook.com
Outlook.com

External Affairs Minister S Jaishankar Urges Israeli Companies To Invest In India

S Jaishankar said there is an enormous effort of change happening in India since Prime Minister Narendra Modi took office and people have heard bits and pieces of that change.

External Affairs Minister S Jaishankar Urges Israeli Companies To Invest In India
External Affairs Minister S Jaishankar Urges Israeli Companies To Invest In India
outlookindia.com
2021-10-18T09:23:28+05:30

Describing Israel as one of India's "most trusted and innovative partners", External Affairs Minister S Jaishankar on Sunday urged Israeli business, including from the defence sector, to invest in the country and take advantage of its business-friendly policies.

Speaking at the India-Israel Business Roundtable soon after his arrival in Israel on his maiden visit, Jaishankar said there is an enormous effort of change happening in India since Prime Minister Narendra Modi took office and people have heard bits and pieces of that change.

"If you were to connect all those dots, I think, you get a picture of an India that is moving towards acquiring those deeper strengths which will make it more competitive in terms of the world economy. And that to you is of interest because from those deeper strengths will come new opportunities and I'll speak about some of them,” he told the gathering.

While this change has been going on for a few years and during the last two years of the COVID-19 pandemic when people have not been in touch physically, interestingly the change process has accelerated, he said.

"So I would urge anyone who has any interest in defence to either directly or indirectly in terms of a platform or in terms of an ancillary or as a vendor to look at those possibilities.

"So you have today really a very energetic economy -- the message that I would be giving to the counterparts of the Israeli government is you know 'we regard you in many ways as perhaps among our most trusted and innovative partners'," he said.

"We have had some really big reforms, some of them might be of interest to you. One is called 'production linked incentive', which is to attract manufacturing to India from birth so that anybody who is bringing in new production capacities and delivering on it is incentivised appropriately. Now, this has covered 13 sectors so far. And many of them are exactly the sectors which some of you are interested in including batteries, electronics et al,” he said.

(With PTI Inputs)

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Meet Parag Agrawal: The New Indian Origin CEO Of Twitter

Meet Parag Agrawal: The New Indian Origin CEO Of Twitter

The incoming CEO is an IIT Bombay graduate who joined Twitter a decade back after having worked at Microsoft, Yahoo and AT&T in research positions.

Omicron: WHO Warns World Should Be Wide Awake

Omicron: WHO Warns World Should Be Wide Awake

WHO Director-General Tedros Adhanom Ghebreyesus said the emergence of the highly mutated omicron variant underlines just how perilous and precarious our situation is.

Omicron Scare Looms Over IND Tour Of SA, BCCI Awaits Govt Nod

Omicron Scare Looms Over IND Tour Of SA, BCCI Awaits Govt Nod

Several sporting events have been cancelled due to the new variant of the coronavirus, Omicron. India are scheduled to tour South Africa for a full series.

How New Covid-19 Variant Is Impacting Travel Across States In India

How New Covid-19 Variant Is Impacting Travel Across States In India

India has issued fresh travel restrictions for international travellers coming from 'at risk' nations in the wake of the Omicron outbreak across several countries in the world.

Advertisement