Dec 4, 2006, New Delhi,
[Source : PTI, Haretz and IANS ]
Israel's Deputy Prime Minister, Mr. Eli Yishai arrived in India Monday on a four-day visit during which he is set to hold talks with Indian leaders to enhance trade and economic ties with Israel, officials said. The Zionist regime of Israel on Monday sought greater investments from Indian business community in order to provide a fillip to expanding bilateral trade.
India, which has traditional ties with the Non Aligned Movement (NAM) and has supported the Palestinian cause for decades, established diplomatic relations with Israel in 1992. Defense ties between the two countries have also boomed due to the ideological bondage between India's Hindutva Fascism and Israel's Zionism. Israel has emerged as India's largest defense supplier after Russia, notching sales worth $900 million annually.
During his stay, Yishai is scheduled to meet with Israeli youth staying at their popular backpacker destination, Goa. Yishai is being accompanied by the chairman of the Israel Anti-Drug Abuse Foundation (IADAF), Haim Mesing.
Yishai recently transferred five million shekels (5.5 Crores of Indian Rupees) to the IADAF. In response, Mesing invited the minister to visit the organization's hostel in Goa which treats hundreds of Israelis who suffer from symptoms of drug abuse while travelling in the Indian sub-continent each year. The IADAF website describes the organization is a "quasi-governmental group operating under the aegis of the prime minister."
Young Israelis after having to serve 3 years in the Army feel they need to explore the world and get away from all the problems of Israel, the hatred the fantatical religious of which Mr Yishai is part of. Every year, many Israeli young people enjoy their freedom by visiting Indian beaches of Goa and Kerala and indulge in drug usage .
Yishai began his tour in Mumbai, India's commercial hub, where he met with business leaders at a meeting organized by the Confederation of Indian Industry. He is leading a delegation that consists of 50 entrepreneurs from such fields as defense and security, information technology, logistics, irrigation, infrastructure and agro-technology.
Yishai is also due to meet Mr. Kapil Sibal, Indian Science and Industry Minister who is believed to be Zionist regime's closest friend in UPA government. Mr. Yishai is in charge of Labor, Industry and Trade Ministries of Israel.
After his meetings in New Delhi, Yishai is scheduled to visit Gujarat state which is ruled bY Mr. Narendra Modi, the most extremist leader of right wing hindutva party, BJP. Mr. Yishal is the leader of Shas party representing the most ultra extremst jews. As a theocratic party like BJP, Shas depends heavily for policy direction on its patrons, Rabbis.
Yishai's trip is a "follow-up meeting"; as India's Trade Minister, Kamal Nath visited Israel last year, during which a joint study group was established to more than double bilateral trade to $5 billion by 2008. Before embarking on the visit, Yishai told India's PTI news agency that Israel was considering a free trade agreement with India to achieve the trade target.
Indian-Israeli trade – primarily in diamonds, machinery, chemicals, rubber and plastic – grew from $200 million in 1992 to $2.4 billion in 2005. "In 1992, the volume of trade between Israel and India was US $ 200 million. This year, it will be close to dlrs 3 billion," said Israeli Deputy Prime Minister Eliyahu Yishai, who arrived in Mumbai on Monday.
Yishai was in the city to participate in a Confederation of Indian Industry (CII) organized interactive session with the business community.
Bilateral trade during the first nine months of 2006 reached dlrs 1.98 billion. Israeli export to India was dlrs 885 million compared to dlrs 928 million for the same period last year, he said.
Export from India to Israel was dlrs 1.093 as compared to dlrs 1.026 billion in the same period last year, Yishai noted.
Israeli Property, Electra to invest in India
JERUSALEM (Reuters) – Israel's Property and Building Corp. and Electra Ltd. on Sunday said they had agreed on a joint venture to invest $100 million in real estate projects in India.
The joint venture includes an Indian partner who will hold a 10 percent stake. Property and Building, a subsidiary of holding company IDB Development Corp., and Electra both hold a 45 percent stake.
The name of the Indian partner was not disclosed. The companies are currently examining investments in southeast India, including a 42.9 acre site for construction of 260,000 square metres, and a 9.9 acre site for construction of 1,200 housing units.
In October, Property and Building acquired along with two partners two Hilton hotels in London and Birmingham for 463 million pounds. Shares in Property and Building were down 1.6 percent, and shares in Electra were down 2.3 percent, compared with losses of 0.7 percent in the broader market.
Israel NDS bets on digital in India, looks for buys
Mon Dec 4, 2006
MUMBAI (Reuters) – Israel's NDS Group Plc, said on Monday it was keen to launch Internet Protocol Television (IPTV) in India and was looking at potential acquisitions of service providers.
U.S.-listed NDS, a supplier of technology to digital pay-television operators and content providers, opened a sales and support operation in Mumbai on Monday. It already has a research and development centre in Bangalore that employs about 600 people.
"We would like to launch IPTV in India and we are in talks with various parties," said Chairman and Chief Executive Abe Peled.
"Telecom operators here have the financial wherewithal and the infrastructure needed for IPTV, which will have an increasingly important role in the fragmenting media market."
"There are a number of start-ups that are doing interesting work (In India) that we are aware of," Peled said.
Separately, NDS said on Monday it would acquire Israel's Jungo Ltd., which develops residential gateway software, for up to $107.5 million in cash.
NDS, which is majority-owned by News Corp., already supports Tata Sky, a direct-to-home satellite joint venture of the Tata group and News Corp., Hathway Cable, a cable tv distributor, and Datacom digital cable TV in India.
Other direct-to-home satellite networks in India are operated by Zee Telefilms Ltd., Sun TV Ltd. and state-owned Prasar Bharti. Reliance Communications is also scheduled to launch its network.
A long-delayed conditional access pay TV system is scheduled to roll out in Mumbai, New Delhi and Kolkata by Dec. 31. Only Chennai has such a system that is operational.
India is the world's third-largest cable TV market with a base of about 65 million subscribers, about 57 percent of all TV-owning homes.
But average revenue per user is among the lowest in Asia, at $3.50-$4.50 a month. The $3.6 billion television industry is also very fragmented, with more than 20,000 cable operators.
Still, India is set to become Asia's largest satellite market by 2008, its leading cable market by 2010, and the most lucrative pay TV market by 2015, research firm Media Partners Asia (MPA) has estimated.
While analog is likely to remain the dominant technology over the coming decade, and cable is expected to remain the core advertising platform for TV, new technologies would help generate higher advertising and subscription revenues, MPA has said.
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