Modi keen to deepen ties with Israel: Netanyahu

Israel PM Netanyahu did not lose time in reaching out to Modi as part of his goal to benefit from untapped potential in the huge market there

Narendra Modi
Press Trust of India Jerusalem
Last Updated : May 18 2014 | 6:08 PM IST
India's Prime Minister-designate Narendra Modi has expressed his desire to "deepen and develop" ties with Israel, Prime Minister Benjamin Netanyahu said today.

"On Friday, I spoke with the Prime Minister-elect of India. There too there is a clear expression of the desire to deepen and develop economic ties with the State of Israel," Netanyahu told his cabinet at its weekly meeting.

Netanyahu, who is looking to strengthen economic ties with Asia which is likely to overtake the Jewish state's close ally United States as the largest export destination, has recently put a lot of emphasis on promoting bilateral trade with India, China, Japan and other Asian countries.

Netanyahu did not lose time in reaching out to Modi - all set to be India's next prime minister after BJP secured a landslide victory in the Lok Sabha polls - as part of his goal to benefit from untapped potential in the huge market there.

Israel may have a "staunch new ally" in South Asia with India's election of Modi to the position of Prime Minister, New York-based International Business Times reported yesterday amid speculation here that ascendance of BJP would also bring back the hype around India-Israel ties.

The two countries have been negotiating a Free Trade Agreement for the last several years.

While relations between India and Israel have deepened and diversified ever since diplomatic relations were established in 1992, the five years of BJP rule in the past gave a major impetus to the ties.

Israel's Prime Minister Ariel Sharon visited India in 2003 and prominent BJP leaders - L K Advani and Jaswant Singh - had come to Israel to discuss cooperation in wide ranging fields.

Israel's support to India during the Kargil war had helped build a relationship of trust which saw defence cooperation between the two countries registering a significant high.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 18 2014 | 6:07 PM IST

Next Story