Among the key Indian enterprises that will conclude MoUs include Indian Oil Corporation; Department of Electronics and IT, Andhra Pradesh; and Reliance Industries "We are excited and highly optimistic about India-Israel Business Innovation Forum," Barak Granot, head of the Israeli Economic & Trade Mission in Delhi, told ET. "The richness of the tapestry of Israel's different cultures results in a flexible work system, across sectors and locations," he said.The visiting delegation represents various industry sectors such as water, agriculture, food, cybersecurity, homeland security, defence, software and IT. The economic delegation comprises 147 delegates in all.In 2016, Indo-Israeli bilateral trade stood at $4.16 billion (excluding defence), with the balance of trade in Israel's favour. Trade in diamonds constitutes more than 53% of bilateral trade. India is Israel's thirdlargest trade partner in Asia after China and Hong Kong.

Source: Economic Times January 15, 2018 02:03 UTC