As per the report from the Israeli Embassy in July 2013, the trade between India and Israel touched the 6-billion dollars mark during 2012-13. The trade between India and Israel went up from 5.15 billion in 2011-12.
In a meeting of Andhra Pradesh Chambers of Commerce and Industry (Fapcci) and Indo-Israel Chambers of Commerce and Industry, the diplomat of Economic and Commercial Affairs to Embassy of Israel Jonathan Ben Zaken asserted the growth of trade volume from a modest 200 million dollars in 1992.
The bilateral relations between India and Israel had strengthened significantly in recent years with both nations experiencing a convergence of interests in agriculture, farm research, science, public health, IT, telecommunications and cooperation in space.
The Israeli agency is looking up for taking advantage of synergies with India in areas like water technologies, information technology and sectors that Israel is strong in.
It is worth mentioning here that about 265 information technology companies are already doing significant business in Israel.