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Israel-Hamas War: Israel has also declared war after a major attack by Hamas in the Gaza Strip. More than 50 people have been killed so far in this war between Israel and Hamas. Meanwhile, India has also come into action mode. The Government of India has issued an advisory for the security of its citizens in Israel. At the same time, Air India has also canceled Delhi to Tel Aviv flight and Tel Aviv to Delhi return flight AI140. Gautam Adani’s business is also likely to be affected by this war. Let’s understand how.
Adani has bought the port. Actually, recently Gautam Adani The group has acquired Israel’s Haifa port. Adani Ports and Special Economic Zone (APSEZ) and Israel’s Gadot Group won the $1.18 billion bid to privatize Haifa Port in Israel in July last year. Indian partner Adani owns 70 percent and Gadot Group 30 percent. Let us tell you that Haifa Port is the second largest port in Israel in terms of shipping containers and the largest port in terms of tourist cruise ships.
Trade between the two countries: By January this year, trade between India and Israel had grown to nearly $7.5 billion from $5 billion before the Covid pandemic. According to a BBC report, in 1992 annual trade between the two countries was $200 million. Diamond trade accounts for about 50 percent of bilateral trade. Let us tell you that India also imports arms from Israel.
How many Indian citizens: According to details provided on the Indian Embassy’s website, there are about 18,000 Indian nationals in Israel, mainly Israeli elders, diamond merchants, IT professionals and those employed to supervise students. Israel also has about 85,000 Jews of Indian origin who immigrated to Israel from India in the fifties and sixties.
India’s Attitude on War: Prime Minister Narendra Modi supported Israel. Modi condemned the attack by Hamas on Israel and called it a terrorist attack. Modi said- Shocked by the news of terrorist attack in Israel. Our thoughts and prayers are with the families of the innocent victims. We stand in solidarity with Israel in these difficult times.