Israel Proposes Free Trade Pact With India

Israel is keen on forming a free trade agreement with India on the back of robust economic relations between the two countries that began in 1992. The Israeli asked to involve Israeli companies in infrastructure development in India for the forthcoming Commonwealth Games in 2010. Israel is keen on setting up a trade office in Bangalore apart from the one in Mumbai to address the growing demand for exporters from both countries. Israel was also keen on sharing India''s experience in inclusive growth on the upgradation and rationalisation of traditional industries in India as Israel has a large number of unemployed people.