Union Commerce Minister Piyush Goyal on Saturday (local time) described his three-day visit to Israel as "very successful," noting that both industry leaders and government representatives in Israel have expressed strong enthusiasm for further strengthening bilateral ties with India. Goyal highlighted that India and Israel have finalised and signed the Terms of Reference, paving the way for formal negotiations on a proposed free trade agreement between the two nations.

"It was a very successful three-day visit to Israel. There is a great deal of enthusiasm in the industry and the government to further strengthen relations with India. As a result, we finalised and signed the Terms of Reference, which will now begin negotiations for a free trade agreement. I also held separate discussions with several technology companies. At the Peres Centre for Peace and Innovation, we saw how Israel, taking every disaster as a challenge, has worked to benefit from it. It has turned it into an opportunity, and from that, whether it is in the field of security, health, or electronics technology, it has achieved remarkable innovations and success in various fields," Piyush Goyal told reporters.