India-Israel FTA Expected to Boost Agritech, Medical Devices, and Manufacturing
India and Israel are poised to finalize a Free Trade Agreement (FTA) aimed at deepening economic ties and significantly boosting bilateral trade. This agreement is set to enhance collaboration in agriculture technology, medical devices, industrial machinery, and specialty chemicals. By reducing tariffs and regulatory barriers, the FTA will unlock opportunities for technology transfer, joint manufacturing, and investment, aligning with India’s 'Make in India' initiative and promoting climate-resilient growth and advanced healthcare solutions.
India and Israel are progressing towards a Free Trade Agreement (FTA) designed to substantially expand their economic partnership across several key sectors. This proposed agreement aims to streamline trade by reducing tariffs and easing regulatory hurdles, fostering greater technology transfer and investment flows, thereby supporting India's 'Make in India' and innovation strategies.In agriculture technology, India anticipates increased imports of advanced Israeli solutions like drip irrigation, greenhouse technologies, precision farming sensors, and post-harvest management equipment, including IoT and AI-driven systems. Companies like Netafim, already present, are expected to further expand their reach, enhancing water-use efficiency and promoting climate-resilient agriculture.The medical devices sector is another major focus, with high-end Israeli diagnostic machines, AI-enabled imaging tools, telemedicine platforms, and critical care equipment becoming more accessible. Lower duties and simplified regulatory processes could spur joint ventures in India's medical device parks, strengthening domestic manufacturing capabilities, exemplified by innovations from companies like Given Imaging.Industrial machinery and water management systems will also see significant growth. Israel's expertise in desalination, wastewater recycling, and advanced manufacturing equipment will support India's infrastructure modernization. Additionally, trade in specialty chemicals, agrochemicals, and high-value pharmaceutical intermediates is projected to increase, bolstering supply chain integration and competitiveness in export markets.
