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Indian, Israeli companies sign strategic business pacts worth over $4.3bn

CEOs feel bilateral trade has potential to grow fivefold to $20bn in 5 years

Indian Prime Minister Narendra Modi and his Israeli counterpart Benjamin Netanyahu at the CEOs forum in Tel Aviv on Thursday. (Photo by Press Information Bureau)

NEW DELHI -- Indian and Israeli companies have signed a dozen key agreements valued  at more than $4.3 billion for collaboration in a range of sectors including aerospace, defense, water and rail infrastructure.

The deals were struck during Prime Minister Narendra Modi's three-day visit to Israel which concluded on Thursday.

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