Highlighting the strong complementarities between India and Israel and the limited competition across sectors, CII President Rajiv Memani said discussions on the proposed India–Israel Free Trade Agreement (FTA) are expected to move faster following the signing of the terms of reference (ToR) on Thursday.

The ToR was signed in Tel Aviv by India’s Commerce and Industry Minister Piyush Goyal and Israel’s Economy Minister Nir Barkat.

Calling the bilateral relationship “strong” and anchored in a shared sense of history and struggle, Memani told CNBC-TV18 that trust has consistently characterised engagements between the two countries. Their economic strengths, he said, are notably complementary.

The “real strength” of the partnership lies in startups and innovation — with Israel being a leadi

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