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Netanyahu, Indian commerce minister talk economic ties

The Israeli PM and India’s Commerce Minister Goyal discussed trade, investments and a new corridor linking India, the Middle East, Israel and Europe.

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Indian Commerce and Industry Minister Piyush Goyal meets with Israeli Prime Minister Benjamin Netanyahu in Jerusalem to discuss expanding trade and innovation partnerships, Nov. 23, 2025. Source: @piyushgoyalofficial/Instagram.

Israeli Prime Minister Benjamin Netanyahu met with Indian Minister of Commerce and Industry Piyush Goyal at his office in Jerusalem on Sunday morning.

“The prime minister and the Indian minister discussed strengthening economic ties between the two countries on a range of issues, including expanding investments, advancing a trade agreement, and promoting the economic corridor from India through the Middle East and Israel to Europe,” the Prime Minister’s Office said.

Israeli Economy Minister Nir Barkat, Acting National Security Council head Gil Reich, Diplomatic Adviser Ophir Falk and India’s Ambassador to Israel J.P. Singh also attended the meeting.

Israeli President Isaac Herzog also welcomed Goyal to Israel’s capital, holding a meeting at the President’s Residence, where he told the minister that the “possibilities for cooperation between India and Israel are endless.”

“Our nations are connected by shared values, vibrant democracies, and a visionary spirit of innovation. Our partnership is continuously becoming stronger, deeper, and more meaningful,” Herzog continued. “This is a symbol of true friendship based on mutual respect, opportunities, and a shared vision for the bright future of the people of both countries.”

For his part, Goyal said he was honored to meet with Netanyahu at the end of his three-day visit to the Jewish state, sending greetings from Indian Prime Minister Narendra Modi. He was accompanied on the diplomatic visit by an over 60-member Indian business delegation, who participated in a Business Forum and CEOs Forum.

“Highlighted the signing of the Terms of Reference to launch FTA negotiations, which will boost trade, investment and technology cooperation,” Goyal wrote on social media.

“Discussed strengthening our innovation partnership by combining Israel’s hi-tech strengths with India’s scale and talent,” he continued. “Took his guidance on further deepening bilateral economic and strategic engagement across the sectors of agriculture, water, defence, science & technology and innovation.”

The meetings come amid a strengthening of bilateral ties between Jerusalem and New Delhi.

Israel launched its national innovation showcase in India at the Bengaluru Tech Summit 2025, as a demonstration of the strong technological collaboration between the countries, the Israel Innovation Authority announced on Nov. 18.

India is in advanced talks to manufacture LORA (LOng Range Artillery) tactical ballistic missiles on license from Israel Aerospace Industries, and Ice Breaker cruise missiles on license from Rafael Advanced Defense Systems, as part of its “Make in India” program, Globes reported on Nov. 9.

Israel and India signed a new Memorandum of Understanding to expand defense, industrial and technology cooperation during high-level talks on Nov. 4, the Israeli Defense Ministry announced.

Air India announced on Tuesday that it will resume flights to Israel in January.

The Indian flag carrier will offer five weekly nonstop flights from Delhi to Tel Aviv starting on Jan. 1.

The six-hour flights, which will run Sundays through Thursdays, will fly over Saudi Arabia and Oman shortening travel time.

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