Israel - India Business Guide | 2025

3. Education Education is a sector where India and Israel can foster stronger collaboration, particularly in Science, Technology, Engineering, and Mathematics (‘STEM’). Israeli universities and research institutions are globally recognized for innovation and cutting-edge research, while India boasts one of the largest pools of talented students and professionals. Joint academic programs, exchange scholarships and universities could drive mutual growth in areas like artificial intelligence, biotechnology, and nanotechnology. Skill development, digital technologies, artificial intelligence can empower both economies. 4. Healthcare Healthcare is an area where India and Israel can work together to address global and regional challenges. Israel’s advancements inmedical devices, telemedicine, and biotechnology can complement India’s vast pharmaceutical manufacturing capabilities. Israel’s innovative solutions in elderly care and disaster response mechanism, emergency and healthcaremanagement are invaluable for India and its response to natural disasters. 5. Defence Defence cooperation is a cornerstone of the India- Israel partnership. Israel is one of the largest suppliers of defence equipment to India, and the two countries have worked together on several high-profile projects, includingmissile systems, drones, and radar technologies. Make in India (‘MII’) initiative and Israel’s advanced defence technologies provide a solid ground for joint ventures, technology transfer. Cybersecurity, artificial intelligence in defence, and unmanned systems offer immense potential for collaboration. The partnership not only enhances India’s defence capabilities but also contributes to regional and global security. 6. Emerging Sectors Beyond the traditionally strong areas of cooperation, emerging sectors like renewable energy, fintech, and start- ups hold significant promise for India-Israel collaboration. Israel’s leadership in solar energy technology aligns with India’s commitment to achieving its renewable energy targets under the Paris Agreement. The fintech sector is another area ripe for partnership. Digital Payments: With India’s extensive digital payments ecosystem and Israel’s expertise in cybersecurity and financial technologies, the two countries can co-develop innovative solutions for financial inclusion and secure digital transactions. Start-up: The start-up ecosystems in both nations are vibrant and complementary as evidenced by The India- Israel Industrial R&D and Technological Innovation Fund (I 4 F). India provides a large and diverse consumer base, while Israel excels in developing cutting-edge technologies. Bilateral start-up accelerators, funding programs, and knowledge-sharing platforms can drive innovation and create new opportunities for entrepreneurs from both countries. 7. Conclusion The India-Israel partnership stands as a model of mutual cooperation and shared growth. By leveraging their respective strengths, the two nations can unlock immense potential in infrastructure, agriculture, education, health, defence, and emerging sectors. Strengthened by shared values of democracy and innovation, this collaboration not only benefits India and Israel but also sets a precedent for global partnerships aimed at addressing common challenges. As the world becomes increasingly interconnected, fostering such partnerships will be crucial for sustainable development and collective progress. With strong political will and a commitment to innovation, India and Israel are well-poised to redefine the future of bilateral cooperation. Contributed by: Himanshu Srivastava and Shyam Ramakrishnan, Baker Tilly ASA India LLP 67