NewKerala.com

India-Israel Tech Pact Aims for $500B Electronics Economy by 2030

India and Israel have elevated their relationship to a 'Special Strategic Partnership for Peace, Innovation and Prosperity' during key meetings. The partnership centers on technology and innovation, aligning with India's goal of building a $500 billion electronics manufacturing economy by 2030-31. Seventeen agreements were signed covering AI, cybersecurity, semiconductors, and manufacturing. Industry experts state that Israel's deep-tech capabilities complement India's manufacturing scale, creating a structured pathway for joint R&D and design.

Key Points: India-Israel Strategic Partnership Targets $500B Electronics Manufacturing

  • 17 new bilateral agreements signed
  • Focus on AI, semiconductors, cybersecurity
  • Aims for $500B electronics economy by 2030-31
  • India's electronics production surged from $31.4B to $133B
2 min read

Israel partnership key towards building $500 billion electronics manufacturing economy: Industry

India and Israel elevate ties to a Special Strategic Partnership, signing 17 agreements to boost AI, semiconductors, and electronics manufacturing toward a $500B goal.

"India and Israel are natural partners. - Pankaj Mohindroo, ICEA Chairman"

New Delhi, Feb 27

India and Israel, in their key meetings this week, have placed technology and innovation at the centre of the partnership which aligns closely with India's ambition of building a $500 billion electronics manufacturing economy by 2030-31, industry experts said on Friday.

Prime Minister Narendra Modi and his Israeli counterpart, Benjamin Netanyahu, have elevated the bilateral relationship to a 'Special Strategic Partnership for Peace, Innovation and Prosperity', reflecting the deep trust between the two nations and the strong alignment of their economic and technological ambitions.

The visit resulted in the signing and announcement of 17 bilateral agreements, MoUs and declarations across manufacturing, Artificial Intelligence, cybersecurity, digital payments, space, agriculture, education and defence.

"India and Israel are natural partners. Israel's world-class capabilities in AI, semiconductors and deep technology complement India's manufacturing scale and industrial ambition," said Pankaj Mohindroo, Chairman, India Cellular and Electronics Association (ICEA).

The elevation to a Special Strategic Partnership provides an institutional foundation to deepen technology collaboration, he mentioned.

Israel is globally recognised for its strengths in AI, semiconductor design, embedded systems, cybersecurity and advanced technologies. India has, over the past decade, transformed into the world's second-largest mobile phone manufacturer, with electronics production growing from $31.4 billion in 2014 to over $133 billion in 2024-25.

Through strong policy initiatives such as the Production-Linked Incentive schemes and the Electronics Component Manufacturing Scheme (ECMS), India has built scale, capability and global credibility in electronics manufacturing.

The newly announced frameworks, including cooperation in Critical and Emerging Technologies, the Tech-Gateway Initiative and collaboration in Artificial Intelligence, create structured pathways for joint R&D, design partnerships, technology validation and manufacturing scale-up.

"Together, they create an institutional architecture of unprecedented depth and breadth for India-Israel technology collaboration. This will significantly accelerate India's journey towards becoming a design-led, deep-tech manufacturing powerhouse," said ICEA.

- IANS

Share this article:

Reader Comments

P
Priya S
While the ambition is great, I hope the focus remains on creating high-quality jobs for Indian engineers and technicians, not just assembly line work. The 'design-led' part is crucial. We need to move up the value chain.
R
Rohit P
From $31 billion to $133 billion in a decade is impressive growth. If this Israel partnership brings in the core tech for chip design and AI, we can really become a global hub. Make in India getting a major boost!
S
Sarah B
As someone working in tech, the collaboration on cybersecurity and digital payments is very timely. Israel is a leader in this space. Hoping for more student and researcher exchange programs as part of the education MoUs.
V
Vikram M
Good step, but execution is key. We've signed many MoUs before. The government needs to ensure the PLI schemes and these new frameworks actually translate into ground-level manufacturing units and IP creation within India, not just imports.
K
Kavya N
The inclusion of agriculture and space in the agreements is interesting. Israel's drip irrigation tech can do wonders for our farmers. A truly multi-dimensional partnership. Hope the benefits reach the common person.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50