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Amid fraud fees in opposition to the Adani Group, Israel’s Minister of Economic system Nir Barkat on Tuesday mentioned his nation trusts the Indian enterprise individuals and it want to welcome extra traders from India. In January this yr, the Adani Group acquired Israel’s Haifa port for $1.2 billion. This occurred simply days after US-based short-seller Hindenburg accused the group of indulging in “inventory manipulation” and fraud by utilizing offshore shell companies.
When requested whether or not he has any considerations concerning the allegations in opposition to the enterprise conglomerate which has an funding in Israel, Barkat mentioned: “Israel permitting an Indian firm to amass one of many two ports is testimony that we belief Indian enterprise individuals and the Indian authorities. It’s none of our enterprise what’s occurring right here.”
“I need to welcome extra traders to spend money on Israel. It’s in the most effective curiosity of each side, nations and folks. We imagine it’s a good funding, and we need to be sure that the return on the funding is such that extra traders from India will come to spend money on Israel,” the Israeli minister mentioned whereas chatting with the information company ANI.
Talking on India-Israel relations, Barkat, who’s visiting India, mentioned Israelis really feel protected and safe dwelling and doing enterprise in India. “Israelis love Indians and Indians love Israelis. We all the time felt protected and safe dwelling and doing enterprise in India,” he mentioned.
Earlier this month, former Ambassador of Israel to India Ron Malka was appointed as Govt Chairman of the Haifa Port, owned by Adani Group and its Israeli associate Gadot Group.
In a tweet, Malka mentioned, “I am honored and privileged to take workplace in the present day as Govt Chairman of the Haifa Port Firm, on behalf of @AdaniOnline. The expertise and experience of Adani and Gadot, mixed with the dedication of the port employees, will take Haifa Port to new heights of prosperity.”
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