Overview
- Commerce Minister Piyush Goyal said the proposed deal may be finalized in two tranches, with an expedited first phase to secure early benefits for businesses.
- The signed Terms of Reference outline market access for goods, investment facilitation, simpler customs procedures, innovation and technology cooperation, and eased rules for services.
- Israel urged Indian firms to bid for the roughly $50 billion Tel Aviv Metro project, with pre-qualification issued for nearly 300 km of underground tunnelling.
- A CEO Forum and a large business delegation anchored the visit, highlighting private-sector traction as the two sides also discuss a protocol to streamline import and export processes.
- Goyal promoted a potential India–Israel startup bridge and deeper collaboration in agritech, cybersecurity, medtech, mobility and low-carbon steel after meetings with Israel’s agriculture minister and technology companies.