India has a vested interest in the stability and security of the West Asian region. Instability in West Asia can have a direct impact on India's energy supplies and overall security. Therefore, India works to promote peace and stability in the region through diplomatic means and multilateral forums.
EXPORTS FROM INDIA SCHEME
EXPORTS FROM INDIA SCHEME
OBJECTIVE:-
Main objectective is to provide rewards to exporters to offset infrastructural inefficiencies and associated costs involved.
To provide exporters a level playing field.
NATURE OF REWARDS
Duty Credit Scrips shall be granted as rewards under MEIS and SEIS.
The Duty Credit Scrips and goods imported / domestically procured against them shall be freely transferable.
The Duty Credit Scrips can be used for :
(i) Payment of Customs Duties for import of inputs or goods, except items listed in Appendix 3A.
(ii) Payment of excise duties on domestic procurement of inputs or goods, including capital goods as per DoR notification.
(iii) Payment of service tax on procurement of services as per DoR notification.
(iv)Payment of Customs Duty and fee as per paragraph 3.18 of this Policy.
MERCHANDISE EXPORTS FROM INDIA SCHEME
(MEIS)
INTRODUCTION
In the new Foreign Trade Policy-2015-2020, with effect from 1.4.2015,Merchandise Exports from India Scheme (in short, also known as MEIS) has beenannounced by the Government. It not only replaces five similar incentive schemesavailable under the Foreign Trade Policy 2009-2014, but it rationalize the incentivesunder the erstwhile schemes, removes various kind of restrictions and significantlyenlarges the scope of the earlier schemes. Unlike earlier Schemes, this scheme hasbeen made applicable to exports made by SEZ units.
SCHEMES REPLACED BY MEIS
(i) Focus Product Scheme (FPS),
(ii) Market Linked Focus Product Scheme (MLFPS),
(iii) Focus Market Scheme (FMS),
(iv) Agri. Infrastructure Incentive Scrip (AIIS),
(v) Vishesh Krishi Gramin Upaj Yojana (VKGUY).
Objective of Merchandise Exports from India Scheme (MEIS) is to offset infrastructural inefficiencies and associated costs involved in export of goods/products, which are produced /manufactured in India, especially those having high export intensity, employment potential and thereby enhancing India’s export competitiveness.
SALIENT FEATURES OF THE SCHEME
Grants rewards in the form of Duty Credit Scrip to the exporter on export of notified goods, which have been produced/ manufactured in India.
Rewards for export of notified goods to notified markets payable as percentage of realized FOB value (in free foreign exchange).
Exports of specified goods through courier or foreign post office using ecommerce of FOB value upto Rs.25000 per consignment entitled for rewards under the scheme. In case of value of consignment being more than Rs.25000/-, benefit is limited on the value of Rs. 25000/- only.
Scrip itself and Goods imported/ domestically procured against the scrip are freely transferable.
Certain specified categories of export or export goods are not eligible for benefit under the Scheme.
OBJECTIVE
Trade agreements are when two or more nations agree on the terms of trade between them. They determine the tariffs and duties that countries impose on imports and exports. All trade agreements affect international trade. In this webinar, we shall look and the salient features and impact of various trade agreements entered into by India.
EXPORTS FROM INDIA SCHEME
EXPORTS FROM INDIA SCHEME
OBJECTIVE:-
Main objectective is to provide rewards to exporters to offset infrastructural inefficiencies and associated costs involved.
To provide exporters a level playing field.
NATURE OF REWARDS
Duty Credit Scrips shall be granted as rewards under MEIS and SEIS.
The Duty Credit Scrips and goods imported / domestically procured against them shall be freely transferable.
The Duty Credit Scrips can be used for :
(i) Payment of Customs Duties for import of inputs or goods, except items listed in Appendix 3A.
(ii) Payment of excise duties on domestic procurement of inputs or goods, including capital goods as per DoR notification.
(iii) Payment of service tax on procurement of services as per DoR notification.
(iv)Payment of Customs Duty and fee as per paragraph 3.18 of this Policy.
MERCHANDISE EXPORTS FROM INDIA SCHEME
(MEIS)
INTRODUCTION
In the new Foreign Trade Policy-2015-2020, with effect from 1.4.2015,Merchandise Exports from India Scheme (in short, also known as MEIS) has beenannounced by the Government. It not only replaces five similar incentive schemesavailable under the Foreign Trade Policy 2009-2014, but it rationalize the incentivesunder the erstwhile schemes, removes various kind of restrictions and significantlyenlarges the scope of the earlier schemes. Unlike earlier Schemes, this scheme hasbeen made applicable to exports made by SEZ units.
SCHEMES REPLACED BY MEIS
(i) Focus Product Scheme (FPS),
(ii) Market Linked Focus Product Scheme (MLFPS),
(iii) Focus Market Scheme (FMS),
(iv) Agri. Infrastructure Incentive Scrip (AIIS),
(v) Vishesh Krishi Gramin Upaj Yojana (VKGUY).
Objective of Merchandise Exports from India Scheme (MEIS) is to offset infrastructural inefficiencies and associated costs involved in export of goods/products, which are produced /manufactured in India, especially those having high export intensity, employment potential and thereby enhancing India’s export competitiveness.
SALIENT FEATURES OF THE SCHEME
Grants rewards in the form of Duty Credit Scrip to the exporter on export of notified goods, which have been produced/ manufactured in India.
Rewards for export of notified goods to notified markets payable as percentage of realized FOB value (in free foreign exchange).
Exports of specified goods through courier or foreign post office using ecommerce of FOB value upto Rs.25000 per consignment entitled for rewards under the scheme. In case of value of consignment being more than Rs.25000/-, benefit is limited on the value of Rs. 25000/- only.
Scrip itself and Goods imported/ domestically procured against the scrip are freely transferable.
Certain specified categories of export or export goods are not eligible for benefit under the Scheme.
OBJECTIVE
Trade agreements are when two or more nations agree on the terms of trade between them. They determine the tariffs and duties that countries impose on imports and exports. All trade agreements affect international trade. In this webinar, we shall look and the salient features and impact of various trade agreements entered into by India.
Bearing in mind the particular importance Russia attaches to its relations with India, the Russian International Affairs Council has arranged a series of expert workshops dedicated to specific areas of bilateral relations. The following postulates represent the preliminary results of this work. The key objective here is to test some hypotheses related to developing cooperation between Russia and India. We address readers anticipating some sort of feedback. Taking into account readers’ comments and proposals a final version of the postulates will be subsequently prepared and published.
Foreign capital inflow in india- analysis , impact , measure , wayforwardAman Sindhwani
Foreign Investment In India ,Need for foreign capital, factors affecting foreign Inflows , Capital Flows in India , impact , Measures and a way forwards
International trade is distorted by countries applying tariff and non tariff trade barriers.
Want more FREE resources? Checkout the B2B Whiteboard youtube channel:
www.youtube.com/b2bwhiteboard
Or join us on Facebook today: www.facebook.com/b2bwhiteboard
Global Kaleidoscope February 16 - February 23, 2024.pptxAvniSingh72
Navigating Global Turbulence: How Current Events Shape Global Conglomerates
In today's interconnected world, global conglomerates are constantly navigating a landscape shaped by a myriad of global events. From geopolitical tensions to economic fluctuations, technological advancements, and societal shifts, the impact of these events reverberates across industries and regions, influencing strategies, operations, and bottom lines. This presentation delves into the intricacies of these global events and their profound implications for global conglomerates. We explore the evolving geopolitical landscape, economic trends and financial market dynamics, disruptive technological advancements, societal and environmental factors, and their combined impact on conglomerates' strategic decision-making.
Introduction: Understanding the Global Context (Approx. 300 words)
The global landscape is marked by a complex interplay of events that significantly impact global conglomerates. Geopolitical tensions, economic shifts, technological disruptions, and societal changes are key drivers reshaping business environments worldwide. In this presentation, we delve deep into these global events and analyze how they shape the strategies and operations of global conglomerates.
Geopolitical Landscape: Navigating Uncertain Terrain (Approx. 600 words)
The geopolitical landscape is characterized by a myriad of challenges and opportunities for global conglomerates. From trade disputes and regional conflicts to diplomatic tensions and international agreements, the geopolitical arena is a key determinant of market access, regulatory environments, and investment opportunities. Conglomerates must navigate this terrain adeptly to mitigate risks and capitalize on emerging opportunities.
Economic Trends and Financial Markets: Adapting to Market Dynamics (Approx. 700 words)
Global economic trends and financial market dynamics play a pivotal role in shaping the strategies and performance of global conglomerates. Factors such as GDP growth, inflation rates, interest rate fluctuations, and currency movements influence investment decisions, risk management strategies, and market competitiveness. Conglomerates must stay attuned to these trends and adapt their approaches to thrive in dynamic economic environments.
Technological Advancements and Disruptions: Harnessing Innovation for Growth (Approx. 600 words)
Technological advancements and disruptions are reshaping industries and business models at an unprecedented pace. Innovations such as artificial intelligence, blockchain, Internet of Things (IoT), and 5G networks offer immense potential for efficiency gains, market expansion, and competitive advantage. However, they also pose challenges such as cybersecurity threats and regulatory complexities that conglomerates must navigate effectively.
Societal and Environmental Factors: Embracing Sustainability and Social Responsibility (Approx. 500 words)
Societal and environmental factors
Bearing in mind the particular importance Russia attaches to its relations with India, the Russian International Affairs Council has arranged a series of expert workshops dedicated to specific areas of bilateral relations. The following postulates represent the preliminary results of this work. The key objective here is to test some hypotheses related to developing cooperation between Russia and India. We address readers anticipating some sort of feedback. Taking into account readers’ comments and proposals a final version of the postulates will be subsequently prepared and published.
Foreign capital inflow in india- analysis , impact , measure , wayforwardAman Sindhwani
Foreign Investment In India ,Need for foreign capital, factors affecting foreign Inflows , Capital Flows in India , impact , Measures and a way forwards
International trade is distorted by countries applying tariff and non tariff trade barriers.
Want more FREE resources? Checkout the B2B Whiteboard youtube channel:
www.youtube.com/b2bwhiteboard
Or join us on Facebook today: www.facebook.com/b2bwhiteboard
Global Kaleidoscope February 16 - February 23, 2024.pptxAvniSingh72
Navigating Global Turbulence: How Current Events Shape Global Conglomerates
In today's interconnected world, global conglomerates are constantly navigating a landscape shaped by a myriad of global events. From geopolitical tensions to economic fluctuations, technological advancements, and societal shifts, the impact of these events reverberates across industries and regions, influencing strategies, operations, and bottom lines. This presentation delves into the intricacies of these global events and their profound implications for global conglomerates. We explore the evolving geopolitical landscape, economic trends and financial market dynamics, disruptive technological advancements, societal and environmental factors, and their combined impact on conglomerates' strategic decision-making.
Introduction: Understanding the Global Context (Approx. 300 words)
The global landscape is marked by a complex interplay of events that significantly impact global conglomerates. Geopolitical tensions, economic shifts, technological disruptions, and societal changes are key drivers reshaping business environments worldwide. In this presentation, we delve deep into these global events and analyze how they shape the strategies and operations of global conglomerates.
Geopolitical Landscape: Navigating Uncertain Terrain (Approx. 600 words)
The geopolitical landscape is characterized by a myriad of challenges and opportunities for global conglomerates. From trade disputes and regional conflicts to diplomatic tensions and international agreements, the geopolitical arena is a key determinant of market access, regulatory environments, and investment opportunities. Conglomerates must navigate this terrain adeptly to mitigate risks and capitalize on emerging opportunities.
Economic Trends and Financial Markets: Adapting to Market Dynamics (Approx. 700 words)
Global economic trends and financial market dynamics play a pivotal role in shaping the strategies and performance of global conglomerates. Factors such as GDP growth, inflation rates, interest rate fluctuations, and currency movements influence investment decisions, risk management strategies, and market competitiveness. Conglomerates must stay attuned to these trends and adapt their approaches to thrive in dynamic economic environments.
Technological Advancements and Disruptions: Harnessing Innovation for Growth (Approx. 600 words)
Technological advancements and disruptions are reshaping industries and business models at an unprecedented pace. Innovations such as artificial intelligence, blockchain, Internet of Things (IoT), and 5G networks offer immense potential for efficiency gains, market expansion, and competitive advantage. However, they also pose challenges such as cybersecurity threats and regulatory complexities that conglomerates must navigate effectively.
Societal and Environmental Factors: Embracing Sustainability and Social Responsibility (Approx. 500 words)
Societal and environmental factors
The presentation "India and its tryst with International Economic destination" deals with 5 major objectives namely, impact of India's investment on hydrocarbons; India's relations with neighbouring countries; to examine the various pacts between India and other countries, to study the fishermen's problem in relation to International Law and lastly the presentation discusses the significance of OBOR (One Belt One Road).
we are here to help you in the duration of your preparation
feel free to contact us for any query regarding your exam
contact us at : 9454721860, 0522-4241011
or log on to our website : www.iasnext.com
International Literacy Day - 8 September
• During the global event, outstanding literacy promotion programs will be recognized by conferring UNESCO International Literacy Awards.
History of International Literacy Day:-
• UNESCO introduced International Literacy Day in 1966 at its 14th General Conference.
• The first International Literacy Day was celebrated in 1967.
• The official date of International Literacy Day is 26 October, which was established during the 1966 UNESCO conference.
• The primary goal of this day is to highlight the importance of literacy for individuals, communities and society.
• Literacy is seen as the foundation of a well-educated and productive society.
India-UAE Investment Relations Under Modi GovernmentZakir Hussain
In this viewpoint new horizons of investments have been explored. Trade, investment and security are the areas where the two countries have converging interest.
Current affairs 2018 - Important Articles for Civil Services ExamPragnya IAS Academy
It covers about the 10th BRICS Summit, SAARC, India-U.S 2+2 talks. It also covers important points about the COMCASA Agreement, India-Bangladesh relations, India - African Relations etc..,
Presentation exploring issues around China and India's trade and investment in Africa. Delivered at Fasken Martineau in London at an Asia Pacific Technology Network seminar in June 2013.. By Jeremy Gordon (China Business Services / Internex Partners), Shakeel Mughal (Tricolom / Internex Partners) and Jeet Jandu (India Trade & Investment).
Trade relations US & India; the changing facesCharmi Chokshi
this is a presentation on a different kind of trade relations between countries like US and India and their changing faces from years with the conclusion.
about UAE
similarity between India vs UAE
bilateral relations
Export and import last 5 years
political Social and economical factor
trade and Invesment
conclusion
With India focussing on nuclear energy to meet the rising demands, it aims to produce 25 per cent of its electricity through nuclear power by 2050. The country has entered into numerous nuclear deals with African countries, owing to their high growth prospects that present significant business opportunities for corporates and investors to contribute towards the development of this continent which has over a billion in population. Transport, including roads and highways, ports and airports and railways, present immense opportunities in the region’s infrastructure space, according to the KPMG-CII background paper titled – ‘India and Africa – collaboration for growth’.
Suits Against Government In India, Article 300 of the Constitution governs the suability of the state. It states that the Union Government and State Government
can be sued, subject to the provisions of the law made by the Parliament and the state legislature respectively.
The “unbearable heat” tipping point is associated with a “wet-bulb temperature” exceeding 35°C, which combines temperature and humidity. High humidity impedes sweat evaporation, exacerbating heat effects and resulting in organ failure and brain damage, making it a dire concern.
The Department of Telecommunications (DoT) had introduced a draft telecom bill aiming to classify Over-The-Top (OTT) platforms as telecommunication services and subject them to regulation similar to telecom operators. In parallel, the Telecom Regulatory Authority of India (TRAI) had issued a consultation paper on regulating OTT platforms. However, the IT Ministry contended that internet-based communication services fell outside the DoT’s jurisdiction under the Allocation of Business Rules.
The Japanese Supreme Court, the court of last resort, holds the power to determine the constitutionality of any law, order, regulation, or official act, incorporating the principle of judicial review, with its authority explicity granted by article 81 of the Japanese Constitution.
Diphtheria is a severe and potentially life-threatening bacterial infection that primarily impacts the mucous membranes of the nose and throat, and in some cases, it can affect the skin as well. It is caused by the bacterium Corynebacterium diphtheriae, which produces a toxin capable of causing damage to various tissues and organs within the body.
Red, green and amber light theories of administrative lawPlutus IAS
The red light theory sees judicial control over administration as a weapon of sound administration while the green light theory perceives such control as an intervention or obstacle to the administrative process.
Prime Minister Narendra Modi’s visit to Gunji near Kalapani, Uttarakhand has sparked controversy in Nepal. Opposition parties in Nepal have alleged that Modi visited “our territory” without notifying their authorities and are demanding an explanation for how this occurred.
The Islamic State of Iraq and Syria (ISIS), also known as the Islamic State (IS), or by its Arabic acronym, Daesh, is a radical Islamist militant group and self-proclaimed caliphate.
Citizen and Administration - Plutus IAS.pdfPlutus IAS
Specificity refers to the strictly limited zone of interaction between administration and the clients as formally defined by the organisation. In a public transport, the passenger pays the fare and
the conductor assures him a travel up to a definite distance.
In order to regulate these complex, relations, some law is necessary, which may bring about regularity certainty and may check at the same time the misuse of powers vested in the administration.
Meniere’s disease is thought to arise from an accumulation of fluid in the inner ear, referred to as the labyrinth. This buildup of fluid can disrupt the normal transmission of balance and hearing signals between the inner ear and the brain.
Within Punjab, the quest for autonomy evolved into something more profound. One influential figure in this transformation was Jarnail Singh Bhindranwale, a charismatic preacher who positioned himself as the authentic voice of the Sikh community. Bhindranwale garnered a substantial following, particularly among the youth, including those from marginalized backgrounds.
The R21/Matrix-M malaria vaccine, a collaborative effort between the University of Oxford and the Serum Institute of India, utilizing Novavax’s adjuvant technology, has received a recommendation for usage from the World Health Organization (WHO) based on its compliance with essential safety, quality, and efficacy criteria.
In the 19th century, Palestine was home to a diverse population consisting of approximately 86% Muslims, 10% Christians, and 4% Jews, living together in relative harmony.
During the late 1800s, a European group known as Zionists emerged with the objective of establishing a Jewish homeland. They initially considered various locations in Africa and the Americas but ultimately chose Palestine as their destination.
Dr. M. S. Swaminathan coined the term “Evergreen Revolution” to highlight a pathway where increasing production and productivity align with both short-term and long-term goals of food production.
India’s progress in innovation is attributed to its abundant knowledge capital and a thriving startup ecosystem, supported by both public and private research organizations. The COVID-19 pandemic underscored the importance of innovation in addressing challenges, aligning with India’s vision of Atma Nirbhar Bharat (Self-reliant India).
Legislators Immunity From Prosecution.pptxPlutus IAS
Sita Soren, a Jharkhand Mukti Morcha (JMM) member, is facing accusations of accepting a bribe in exchange for her vote during the 2012 Rajya Sabha elections. A complaint prompted the Chief Election Commissioner to request a Central Bureau of Investigation (CBI) inquiry. The CBI filed charges against Soren, including bribery, criminal conspiracy, and misconduct under the Indian Penal Code and the Prevention of Corruption Act.
The adherents of ‘Sarna’ are primarily tribal communities who have resisted adopting other established religions such as Hinduism, Islam, and Christianity.
They steadfastly uphold their unique customs and traditions, even in the face of missionary activities and the influence of other faiths.
National Higher Education Qualifications Framework (NHEQF).pptxPlutus IAS
The NHEQF heavily draws from the European Bologna process and Dublin descriptors. India’s diverse higher education system needs broader consultations with Indian states for a more suitable framework.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
2. SIGNIFICANCE OF THE WEST ASIA REGION TO INDIA
• Energy Resources:
• West Asia is a major source of India's energy resources, particularly oil
and natural gas. India is heavily dependent on oil imports to meet its
energy needs, and a significant portion of this oil comes from
countries in the Gulf region, such as Saudi Arabia, Iraq, and the United
Arab Emirates. Ensuring a stable and reliable supply of energy
resources is crucial for India's economic growth.
• Remittances:
• A significant number of Indian expatriates live and work in
West Asian countries. They send remittances back to India,
which contributes to the Indian economy. These remittances
have a positive impact on the livelihoods of families in India.
• Economic Relations:
• India has developed strong economic ties with West Asian
countries, particularly those in the Gulf region. These nations
are important trading partners for India, and they provide
opportunities for Indian businesses in various sectors,
including construction, infrastructure development, IT
services, and healthcare.
3.
4. • Counterterrorism and Security Cooperation:
• West Asia has been a hotbed of terrorism and instability. India has a vested interest
in collaborating with West Asian nations to counter terrorism and maintain regional
security. This collaboration includes intelligence-sharing and efforts to combat
radicalization and terrorism.
• Geopolitical Significance:
• West Asia is strategically important due to its location at the crossroads of Asia,
Africa, and Europe. India's engagement in West Asia allows it to play a more
influential role in global geopolitics and gain support for its diplomatic initiatives,
such as its quest for a permanent seat on the United Nations Security Council.
• Cultural and Religious Ties:
• West Asia is home to several holy sites important to various religions, including
Islam, Christianity, and Judaism. India has a significant population of people who
follow these faiths, and the historical and cultural connections between India and
West Asia have contributed to a deepening of ties.
• Diaspora and People-to-People Relations:
• The Indian diaspora in West Asia is substantial and plays an essential role in
strengthening India's relations with the region. These people-to-people connections
facilitate cultural exchanges and contribute to stronger diplomatic and economic
ties.
• Regional Stability:
• India has a vested interest in the stability and security of the West Asian region.
Instability in West Asia can have a direct impact on India's energy supplies and
overall security. Therefore, India works to promote peace and stability in the region
through diplomatic means and multilateral forums.
5. India-Middle East-Europe Corridor
• During the 18th G20 summit held at Delhi the
India-Middle East-Europe Economic Corridor
(IMEC) Project was signed.
• The project forms part of the Partnership for
Global Infrastructure and Investment (PGII).
• The proposed IMEC will consist of Railroad,
Ship-to-Rail networks and Road transport
routes extending across two corridors, that is,
• The East Corridor – connecting India to the
Arabian Gulf,
• The Northern Corridor – connecting the
Gulf to Europe.
• The IMEC corridor will also include an
electricity cable, a hydrogen pipeline and a high-
speed data cable.
6. • Signatories:
• India, the US, Saudi Arabia, UAE, the European
Union, Italy, France, and Germany.
• Ports to be Connected:
• India: Mundra (Gujarat), Kandla (Gujarat), and
Jawaharlal Nehru Port Trust (Navi Mumbai).
• Middle East: Fujairah, Jebel Ali, and Abu Dhabi in
the UAE as well as Dammam and Ras Al Khair
ports in Saudi Arabia.
• Railway line will connect Fujairah port (UAE) to
Haifa port (Israel) via: Saudi Arabia (Ghuwaifat
and Haradh) and Jordan.
• Israel: Haifa port.
• Europe: Piraeus port in Greece, Messina in South
Italy, and Marseille in France.
7. India- Israel relation
• Since the 1990s, India and Israel have developed a strong
relationship encompassing economics, the military, and
politics.
• India formally recognised Israel on September 17, 1950.
Soon thereafter, the Jewish Agency established an
immigration office in Bombay. This was later converted
into a Trade Office and subsequently into a Consulate.
• Since the upgradation of relations in 1992, defence and
agriculture have been the main pillars of bilateral
engagement. In recent years, ties have expanded to areas
such as S&T, education and security.
• Currently, India is Israel's one of the leading importers of
military equipment. Both countries are active members of
the I2U2 Group, formed to foster collaboration and
strengthen their ties.
8. • 1947
India had voted against partitioning Palestine at the UN, rejecting the notion of
two nations based on religious criteria.
• 1950 India recognized the existence of Israel.
• 1992 Established full diplomatic relations.
• 2017
A paradigm shift in India-Israel ties:
• Indian Prime Minister’s state visit to Israel, becoming the first Indian prime
minister to do so.
• The two countries have since elevated their ties to a strategic partnership.
• 2018
India voted in favour of a resolution brought by Turkey and Yemen in the
UN opposing the US' decision recognising Jerusalem as the capital of Israel.
• 2021
India abstained on the resolution that calls on the UN Human Rights Council to
set up a permanent commission to probe human rights violations in Gaza, West
Bank and Palestine.
Timeline of India Israel Relations
9. • Political Relations:
• Political ties between the two countries are friendly.Increased high-level exchanges and
ministerial visits on both sides have expanded cooperation in different functional areas.
• Economic and Commercial ties:
• The bilateral merchandise trade grew from USD 200 million in 1992 to USD 10.1 billion
(excluding defence) during the FY 2022-2023, with the balance of trade being in
India’s favour.
• India is Israel's third-largest trade partner in Asia and seventh-largest globally.
• Key Indian exports to Israel:
• Pearls, precious stones, automotive diesel, chemicals, machinery, electrical equipment,
plastics, textiles, metals, and agricultural products.
• Israel's major exports to India:
• Pearls, precious stones, chemicals, machinery, electrical equipment, petroleum oils,
defence-related goods, and transportation equipment.
10.
11.
12. • I2U2: Founded in 2021 is a new strategic partnership;
• Members: India, Israel, United Arab Emirates, and United States.
• It is also referred to as the West Asian Quad/Middle East Quad/New Quad.
• Objectives: To promote economic development, scientific innovation, and regional
stability.
• Defence Cooperation:
• Israel has remained among the top arms suppliers to India in the past two decades.
Both countries are cooperating on security issues, including a Joint Working Group on
Counter-Terrorism.
• Indian armed forces use Israeli Phalcon AWACS (Airborne Warning And Control
Systems), and Heron drones to Barak anti-missile defence systems.
• Participation in ‘Make in India’:
• The Israeli defense companies IAI, Elbit Systems, and Rafael Advanced Defense
Systems have established partnerships with Indian firms Bharat Forge, Tech Mahindra,
Adani Group, and Tata Advanced Systems to manufacture specialized sub-systems and
enhance homeland security systems.