Dr Yair Zandberg, president, Federation of Indo-Israeli Chambers of Commerce (FIICC)
Dr Zandberg shares his thoughts and views on the current Indo-Israel relationship in the area of life sciences, and he also provides a brief outline on the business opportunities that Indian biotech and pharma companies can leverage in Israel.
Q: Can you give us a brief overview on the current existing Indo-Israel relationship?
Mr Yair Zandberg: Bilateral trade and economic relations have progressed rapidly since the establishment of diplomatic relations between India and Israel in 1992.
From a base of USD 200 million in 1992 (comprising primarily of diamonds and merchandise trade), it has diversified and had increased sharply reaching USD 5.153 billion in 2011.