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PM Modi addresses Joint press Statement with PM Netanyahu of Israel

Published By : Admin | January 15, 2018 | 14:00 IST
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In Prime Minister Netanyahu, I have a counter-part who is equally committed to taking the India-Israel relationship to soaring new heights: PM Modi

Your Excellency Prime Minister Benjamin Netanyahu,
Members of the media,

It is a great pleasure to welcome Prime Minister Benjamin Netanyahu, on his first ever visit to India.

(My good friend, Welcome to India!)

Your visit, Prime Minister, is a long-anticipated moment in the journey of friendship between India and Israel.

Your visit is also a fitting climax to the comemoration of 25 years of diplomatic relations between India and Israel.

As our first honoured guest in 2018, your visit marks a special beginning to our New Year calendar. It comes at an especially auspicious time as people all over India are rejoicing the arrival of spring, renewal, hope and harvest. The festivals of Lohri, Bihu, Makar Sankranti, and Pongal celebrate the splendour of India’s diversity and unity. 

Friends,

Last year in July, I carried the greetings and friendship of 1.25 billion Indians during my momentous journey to Israel. In return, I was overwhelmed by the generous affection and warmth of the Israeli people, led by my friend, Bibi.

In that visit, Prime Minister Netanyahu and I promised each other and our people to build a strategic partnership: of hope and trust and progress of diverse and cutting-edge cooperation, and of joint endeavours and shared successes Such a promise flows as much from the natural affinity and friendship that have linked us for centuries as it does from the compelling win-win case for engagement in almost all spheres .

And it is a measure of our shared ambition and commitment that six short months after that visit; your extraordinary visit is taking place to India.

Today and yesterday, Prime Minister Netanyahu and I reviewed the progress in our relations and renewed our conversation on the possibilities and the opportunities that beckon us and need to be seized.

Our discussions were wide-ranging and intensive. They were marked by the desire to do more. Prime Minister, I have a reputation of being impatient in getting results.

If I may let out an open secret, I know that so are you.

Last year in Tel Aviv, you had expressed the intent to cut down bureaucratic red tape with a machete and forge ahead with speed.

Prime Minister, I am happy to tell you that in India, we are well on our way to doing just that. We have imparted our shared impatience to the implemntation of our earlier decisions.

The results are already visible on the ground. Our discussions today were marked by convergence to accelerate our engagement and to scale up our partnership.

We will pursue this in three ways:

  • First, we will strengthen the existing pillars of cooperation in areas that touch the lives of our peoples. These are agriculture, science and technology, and security.

    We exchanged views on scaling up the Centers of Excellence that have been a main-stay of agricultural cooperation by bringing in advanced Israeli practices and technology.

    In defence, I have invited Israeli companies to take advantage of the liberalized FDI regime to make more in India with our companies.
  • Second,

    we are venturing into less explored areas of cooperation, such as oil& gas, cyber security, films, and start-ups. You will find this reflected in the agreements that were just exchanged. Several of these areas are indicative of our desire to diversify and broad-base engagement.
  • And third,

    we are committed to facilitating the flow of people and ideas between our geographies. It requires policy facilitation, infrastructure and connectivity links and fostering constituencies of support beyond Government.

    We are working with Israel to make it easier for our people to work and visit each other’s countries, including for longer work durations To bring people closer on both sides, an Indian Cultural Center will soon open in Israel.

    We have also decided to start an annual exchange of bilateral visits by 100 young people from science-related educational streams.

Friends,

Thriving two-way trade and investment is an integral part of our vision for a strong partnership. Prime Minister Netanyahu and I agreed on the need to do more in this direction. After the meeting in Tel Aviv last year, we will interact for the second time with our CEOs under the bilateral Forum.

I welcome the large business component that Prime Minister Netanyahu has brought along with him. Prime Minister Netanyahu and I also exchanged perspectives on the regional and global situation.

We reviewed our cooperation as a factor for stability and peace in our regions and the world.

Friends,

Yesterday, as his first stop after touching Indian soil, Prime Minister Netanyahu joined me at the re-named Teen Murti Haifa Chowk to pay homage to the memory of the brave Indian soldiers who laid down their lives a century ago in the Battle of Haifa in Israel.

We are both countries that have never forgotten our history and our heroes. And we deeply appreciate this gesture by Prime Minister Netanyahu.

As we look to the future of this exciting partnership with Israel, I am filled with hope and optimism. In Prime Minister Netanyahu, I have a counter-part who is equally committed to taking the India-Israel relationship to soaring new heights.

Finally, I am delighted to have the chance to be with you, Prime Minister , in my home state, Gujarat, day after.

There, we will have another opportunity to see the fulfillment of the promise, which our mutual cooperation holds in diverse areas such as agriculture, technology, and innovation.

I wish Prime Minister Netanyahu, Mrs. Netanyahu and the delegation a memorable stay in India.

Thank you very much. Toda Rabah!

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Cabinet approves scheme of Chemical Parks “Bharat Audyogik Vikas Yojana Rasayan (BHAVYA Rasayan)
July 24, 2026

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved Bharat Audyogik Vikas Yojana Rasayan or BHAVYA - Rasayan Scheme for establishing three dedicated Chemical Parks in the country. The Scheme was announced in the Union Budget of FY 2026–27.

The Scheme will have a total financial outlay of Rs.3,030 crore, with Rs.3,000 crore towards meeting the cost of establishing the Common Infrastructure Facilities and Basic Utilities inside the park and Rs. 30 Crores as administrative expenditure. The scheme would run for a period of 5 years from FY 2026-27 to FY 2030-31.

In terms of the said scheme, the Centre would provide a grant of up to Rs.1,000 crore per park. This will be subject to minimum contribution of Rs.500 crore by the concerned State Government.

BHAVYA Rasayan Scheme is expected to bring the following benefits to the economy:

  • It will promote development of the Chemical industry along the whole value chains including upstream, downstream and ancillary industries promoting efficient utilization of resources, leading to lower logistics cost.
  • Through shared Common Infrastructure Facilities and Basic Utilities, keeping the needs of chemicals industry in mind, it will lead to enhanced cost competitiveness and will make the Indian Industry globally competitive.
  • It will help the Indian Chemical industry better integrate in Global Value Chains leading to greater exports and higher import substitution.
  • It will promote development of Indian Chemical industry in a sustainable way by creating an environment friendly ecosystem which will consist of centralized facilities such as Common Effluent Treatment Plant, Treatment, Storage, and Disposal Facility, and Hazardous Waste Management infrastructure. It will ensure better compliance management with environmental regulations, thereby promoting development of industry in eco-friendly manner.
  • Development of Chemical sector will lead to a cascading effect through enhanced development of downstream sectors of the economy as well, thereby leading to higher employment generation and greater development of the economy, helping achieve the goal of Viksit Bharat @ 2047.
Recognising that this sector produces Chemicals and Petrochemicals which are used in various downstream industries such as Agriculture, Textiles, Pharmaceuticals, Nutraceuticals, Construction, Automobile, Electronics, introducing BHAVYA Rasayan Scheme shall facilitate development of the sector by attracting domestic and foreign investments, enhancing domestic production capacity and generating employment. It will boost the global competitiveness of the sector thereby, promoting Atmanirbharta.
 
In terms of the said Scheme, the Centre will facilitate development of three dedicated Chemical Parks by the State Governments under Challenge Route. Each such park will have a minimum contiguous area of 8 sq. km. (minimum 2,000 acres) of encumbrance-free land. These parks will provide plug-and-play infrastructure, in the form of Common Infrastructure Facilities and Basic Utilities for the chemical industry such as:
  • Common Effluent Treatment Plant (CETP),
  • Treatment, Storage, and Disposal Facility (TSDF),
  • Water supply and distribution systems,
  • Solvent recovery and distillation facilities,
  • Steam generation and distribution network,
  • Interconnected pipeline network,
  • Logistics and warehousing facilities.