20 years after Israel and India established diplomatic relations in 1992, Indian External Affairs Minister S.M. Krishna will visit Israel for meetings on security-related and economic issues with Prime Minister Netanyahu and President Shimon Peres, among others. Another purpose of the visit is the signing of a free trade agreement between the two nations. The volume of trade between the two countries reached a record $5 billion last year, and is expected to triple following the signing of the agreement.
Israeli and Indian companies are cooperating in a variety of fields, including: security, agriculture, technology, cleantech, real estate, pharmaceutics, telecom, and more. Notably, there is extensive agriculture business done between the two nations, as well as tourism (India is a top destination for Israeli tourists, with 40-50,000 Israelis visiting per year), and growing cultural interest.