Responding favourably to Prime Minister Narendra Modi’s ‘Make in India’ initiative, his Israeli counterpart Benjamin Netanyahu has told visiting Indian Home Minister Rajnath Singh that his country is keen to take advantage of the move.
Mr. Netanyahu said that Israel is ready and willing to discuss transfer and development of technologies with India.
“Israeli industries, including the defence industries, could ‘make in India’ and thereby reduce costs of manufacturing products and systems developed by Israel”, the Israeli Premier said.
The Israeli leader also expressed willingness to send a delegation from Israeli industries to visit India to explore manufacturing opportunities in different sectors.
Mr. Singh, in this context, proposed exploring jointly third country markets in Africa and Latin America, where Indian industry has a strong presence.
He earlier made a strong pitch for Israeli industries, including those from the defence sector, to take advantage of the investment friendly policies adopted by the new government with special reference to the ‘Make in India’ campaign.
Launched in September, the ‘Make in India’ is a major national program designed to facilitate investment, foster innovation, enhance skill development and build best-in-class manufacturing infrastructure.